Too many cash cows means considerable revenue generation but no future
Indicate whether the statement is true or false
TRUE
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Office furniture was purchased for $14,000 . It had an estimated residual value of $2,000 and has a current carrying value of $6,000 . Its depreciable cost must have been
a. $15,000. b. $9,000. c. $12,000. d. impossible to determine from the facts given.
Shale Remodeling uses time and materials pricing. It is setting prices for next year using the following information: Labor rate, including fringe benefits$75per hourAnnual labor hours 6,350hoursAnnual materials purchases$1,206,250 Materials purchasing, handling, and storage$241,250 Overhead for depreciation, taxes, insurance, etc.$666,750 Target profit margin for both labor and materials 25% What is the total price for a project requiring 160 direct labor hours and $150,000 of materials?
A. $225,000. B. $256,000. C. $210,000. D. $253,500. E. $184,000.
A contract is a mere promise between two or more persons who have the capacity to contract
Indicate whether the statement is true or false
Identify a factor that has promoted change in operations management over the last five decades.
A. Recognition of quality as a source of competitive advantage B. Adoption of a cost perspective C. Adoption of simpler supply chains D. Increased disregard for severe environmental problems