A bank's largest source of funds is its
A) nontransaction deposits.
B) checking deposits.
C) borrowing from the Fed.
D) federal funds.
A
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Small businesses make greater use of Twitter than medium and large organiza-tions
Indicate whether the statement is true or false
The computer program that uses English words to represent processing functions is
A. COBOL. B. AUTOCODER. C. PL/1. D. SPS.
In the context of small businesses, which of the following is an alternative for improving profits?
A. Increasing the productivity of people and machines B. Removing a summer product from a winter line of products C. Selling products on the basis of price alone D. Buying all components of a product from the outside
Bonkowski Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: Budgeted selling price per unit$97Budgeted unit sales (all on credit): January 10,000February 12,000March 13,300April 15,200? Raw materials requirement per unit of output 4poundsRaw materials cost$1.00per poundDirect labor requirement per unit of output 2.5direct labor-hoursDirect labor wage rate$23.00per direct labor-hourPredetermined overhead rate (all variable)$9.00per direct labor-hourVariable selling and administrative expense$3.10per unit soldFixed selling and administrative expense$70,000per month?Credit sales are collected: 30% in the month of the sale 70% in the following month?Raw materials
purchases are paid: 30% in the month of purchase 70% in the following month?The ending finished goods inventory should equal 30% of the following month's sales. The ending raw materials inventory should equal 10% of the following month's raw materials production needs.?The estimated cost of goods sold for February is closest to: A. $738,000 B. $270,000 C. $1,008,000 D. $846,000