For manufacturing firms, the cost of completed products remains on the balance sheet as __________ assets until the firm sells the products; upon sale, the cost of the assets becomes a cost of goods sold expense
a. Direct Materials Inventory
b. Work-in Progress Inventory
c. Finished Goods Inventory
d. Cost of Products Ready for Sale
e. none of the above
C
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Design an experiment that illustrates how any one of these factors (temperature, pressure, molecule size) may affect the rate of diffusion.
What will be an ideal response?
It is known that the population variance (?2) is 125. At 95% confidence, what sample size should be taken so that the margin of error does not exceed 3?
A. 52 B. 53 C. 54 D. 55
Which is the most recent innovation in the method by which an agency creates regulations?
a. The agency invites representatives of all concerned parties, usually businesses, to meet to assist the agency in drafting the proposed rule. This process is called negotiated rule making. b. The agency staff studies the problem and reaches a tentative solution, publishing it in P. Richards Almanac as a proposed rule, giving the public the opportunity to comment before federal district courts. c. The agency holds a hearing asking each competing interest to present a draft of the proposed regulation. The agency considers each draft as well as supporting testimony and selects the best from among those submitted. d. Congress includes the regulations in the National Agency Empowerment statute.
Income Statement
CFM Majestic Inc Years 1 & 2 ($000,000s) Year 1 Year 2 Sales 381.9 416.3 COGS 244.9 278.9 SG&A 59.7 63.8 Depreciation 13.8 15.4 R & D 5.3 4.3 EBIT 58.2 53.9 Interest Expense 7.3 7.9 Earnings before Income Tax 50.9 46.0 Income Taxes 17.3 14.8 Net Income 33.6 31.2 Referring to the CFM Majestic financial statements, is the change between Year 1 and Year 2 in Total Asset Turnover important in explaining the change in ROA? A) No B) Yes