Barker Company paid cash to purchase two identical inventory items. The first purchase cost $18.00 cash and the second cost $20.00 cash. Barker sold one inventory item for $30.00 cash. Based on this information alone, without considering the effect of income tax:
A. cash flow from operating activities is $12.00 assuming a FIFO cost flow.
B. cash flow from operating activities is $10.00 assuming a LIFO cost flow.
C. cash flow from operating activities is $11.00 assuming a weighted average cost flow.
D. the amount of cash flow from operating activities is not affected by the cost flow method.
Answer: D
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Tript Corporation has a process costing system and uses the weighted-average method. The company had 3,000 units in work in process on February 1 that were 60% complete with respect to conversion costs. During the month, 10,000 units were completed. At the end of the month, 4,000 units remained in work in process that were 40% complete with respect to conversion costs. Materials are added at the beginning of the process.How many units were started into production during February?
A. 9,000 B. 10,000 C. 9,800 D. 11,000
For most business opportunities, what design elements will help recruiters pick out the key pieces of information needed quickly and efficiently?
A) Easy to read layout, use of white space and clear typefaces B) Easy to read layout, bold graphical elements and clear typefaces C) Bold graphical elements, multiple typefaces and color D) Bold graphical elements, multiple fonts and use of white space E) Use of white face, multiple typefaces and bold graphical elements
When submitting a recommendation to your boss, you should ________
A) back up your suggestions with facts and evidence B) emphasize how your idea saves money or benefits the business C) state your suggestions confidently and fairly D) do all of these.
In the context of monetary policy, which of the following statements is true of the discount rate?
A. The Fed increases it during recessions. B. When the Fed reduces it, interest rates on bank loans tend to fall. C. When the Fed increases it, banks can obtain funds at a lower cost. D. It is the interest rate that the Fed charges on its loans to individuals.