When a dividend is paid in cash, it is known as a
a. dividend payable;
b. stock split; c. stock dividend; d. liquidating dividend; e. none of these
E
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During May, Blast sold 500 portable CD players for $50 each. Each CD player cost Blast $25 to purchase and carried a one-year warranty. If 10 percent typically need to be replaced over the warranty period, what amount should Blast debit Product Warranty Expense for in May?
A) $2,500 B) $1,250 C) $250 D) $1,000
Which method of evaluating capital investment proposals uses present value concepts to compute the rate of return from the net cash flows expected from capital investment proposals?
A) Internal rate of return B) Cash payback C) Net present value D) Average rate of return
Dot has received a special order for 2,000 units of its product at a special price. The product normally sells for $200 and has the following manufacturing costs: Per unitDirect materials $60Direct labor 40Variable manufacturing overhead 30Fixed manufacturing overhead 50Unit cost $180 Assume that Dot has sufficient capacity to fill the order without harming normal production and sales. What minimum price should Dot charge to achieve a $50,000 incremental profit?
A. $180 B. $225 C. $155 D. $168
David is vested in the pension plan at TynsCorp. In order to receive the benefits, he must be employed by TynsCorp at the time of his retirement.
Answer the following statement true (T) or false (F)