Milton Inc has prepared the following first quarter sales forecast: January 125,000 units February 187,500 units March 157,500 units Each unit sells for $1.25. The total budgeted sales for the first quarter is:
A) $587,500
B) $470,000
C) $196,875
D) $156,250
A
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The current and quick ratios have two limitations. These ratios
a. emphasize the ineffectiveness of analysts' calculations, and focus on liquid assets at a point in time instead of a period of time. b. focus on cash instead of working capital, and they represent a point in time instead of covering a period of time. c. focus on working capital instead of cash, and they represent a point in time instead of covering a period of time. d. are ignored by most creditors, and focus on working capital instead of cash.
The activities during the pre–World War II era included all the following EXCEPT for this:
a. record keeping of employee information b. the growth of trade unions c. scientific management was the prevailing philosophy d. very few government influences in employment relations
A company had the following purchases and sales during its first year of operations: PurchasesSalesJanuary:10 units at $1206 unitsFebruary:20 units at $1255 unitsMay:15 units at $1309 unitsSeptember:12 units at $1358 unitsNovember:10 units at $14013 units On December 31, there were 26 units remaining in ending inventory. Using the Perpetual LIFO inventory valuation method, what is the cost of the ending inventory? (Assume all sales were made on the last day of the month.)
A. $3,200. B. $3,405. C. $3,270. D. $5,400. E. $3,364.
Martina developed a new type of apple tree which could be reproduced through grafting. She cannot protect her rights in this tree by obtaining a plant patent since the tree cannot be reproduced by planting its seeds
Indicate whether the statement is true or false