The statement of retained earnings accomplishes which of the following?
a. It summarizes income earned and dividends paid over a single period of the business.
b. It accumulates all revenues for the year.
c. It summarizes the balance sheet accounts.
d. It summarizes the capital stock accounts over the life of the business.
a
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Cottonwood, Inc. produces two different products (Standard and Luxury) using two different activities: Machining, which uses machine hours as an activity driver, and Inspection, which uses number of batches as an activity driver. The cost of Machining is $500,000, while the cost of Inspection is $30,000. Standard uses 30% of total machine hours and 70% of total batches. What is the total activity cost assigned to Standard?
A. $22,500 B. $171,000 C. $125,000 D. $359,000
A network consists of the following list. Times are given in weeks
Activity Preceding Duration A -- 9 B A 2 C A 12 D A 5 E B 6 F B 8 G C, F 3 H D 2 I H 8 J G, I 6 K E, J 2 a. Draw the network diagram. b. Which activities form the critical path? c. How much slack exists at activities A and F? d. What is the duration of the critical path?
Identify whether each of the following list of items is an operating activity cash flow (O), an investing activity cash flow (I), a financing activity cash flow (F), or none of these (None).1. ________ Proceeds from sale of equipment2. ________ Cash collected from customers3. ________ Payments to suppliers4. ________ Stock repurchases5. ________ Repayment of bond principal6. ________ Payment of income tax7. ________ Purchases of bonds from other companies8. ________ Purchases of equipment financed with a note9. ________ Interest and cash dividends received10. ________ Payment of cash dividends
What will be an ideal response?
When a nation that belongs to WTO imposes a tariff or quota on imported products, it is supposed to do so within the guidelines established by GATT. If it does not do so within GATT's guidelines: A) the offending nation may suffer military retaliation by the other GATT members
B) the offending nation may be subject to a proceeding pursuant to the WTO's Dispute Settlement Understanding. C) the offending nation may end up in the World Court being sued for breach of its GATT contract. D) none of the above.