HSH is a manufacturer of components for a major automotive producer. In 2012, HSH produced 12,000 units. In 2013, the company produced 14,000 units. What was HSH’s productivity growth rate from 2012 to 2013?
a. Positive
b. Negative
c. Zero
d. Cannot be determined from the information given
d. Cannot be determined from the information given
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Which top-down budgeting method is being employed when the budget is determined based on what is felt to be necessary?
A. affordable method B. payout planning C. percentage of sales D. competitive parity E. arbitrary allocation
A _____ can help afirm evaluate how much internal financing (funds generated by earnings) will be available for a planning period.
A. budgeted income statement B. budgeted balance sheet C. line of credit D. revolving credit agreement
Which of the following statements about inventory costing methods is correct?
A. International Financial Reporting Standards (IFRS) allow the use of LIFO but not FIFO. B. A change in inventory method is allowed only if it improves the accuracy of the company's financial results. C. In the U.S., if a company uses LIFO on the income tax return, it may use a different method for financial reporting. D. During a period of rising prices, LIFO results in a higher income tax expense than does FIFO.
A corporation may be judicially dissolved when its management is deadlocked and the deadlock cannot be broken by the shareholders
Indicate whether the statement is true or false