Dizzy Designs make their clothes in the UK and then ship them to their own retail outlets in France, Spain and Germany. What kind of operation is this?
a. indirect export
b. direct export
c. home shipment
d. overseas manufacture
e. contract manufacture
b. direct export
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Monetary-unit sampling is said to eliminate the need to stratify the sample because:
A. the risk of incorrect acceptance is inversely related to sample size. B. the upper limit on misstatements can be computed based on statistical principles. C. tolerable misstatement is considered when determining sample size. D. sample items are selected in proportion to their dollar amount.
Which of the following companies used the slogan, "The Power to Know®" to connect with C-level executives in the largest companies?
A) Lincoln Electric B) NetApp C) SAS D) Medline E) Plexco
Links Golf Course is planning for the coming golfing season. Investors would like to earn a 15% return on the company's $58,000,000 of assets. The company primarily incurs fixed costs to groom the greens and fairways. Fixed costs are projected to be $30,000,000 for the season. About 500,000 rounds of golf are expected to be played each year. Variable costs are about $15 per round of golf. Links Golf Course is a price-taker and will not be able to charge more than its competitors, who charge $78 per round of golf. Compute the operating profit that will be earned.
A) $1,500,000 B) $8,700,000 C) $76,500,000 D) $39,000,000
Mint Company sponsors a noncontributory, defined-benefit pension plan. At December 31 . 2014, the end of the company's fiscal year, the actuary's report showed pension benefits paid of $15,000, and PBO balance of $300,000 . The trustee's report showed a beginning plan assets balance (at fair value) of $240,000, contributions for the year of $36,000, and an actual return on plan assets of 1
percent (the expected return was 9 percent). The underfunded PBO at the end of 2014 was a. $0. b. $15,000. c. $24,000. d. $30,000.