Lisa works for Sally. Lisa's jobs include selling the folk-art Santa Claus statutes that Sally hand-makes, as well as purchasing the wood for the statutes. In this case Lisa is:
a. a servant only b. an agent only
c. an independent operator d. a servant and an agent e. a master
d
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The following data are available for a company's manufacturing activities: Beginning Work in Process inventory5,000units75% completed as to conversionUnits started and completed15,000 Ending Work in Process inventory6,000units50% completed as to conversionIf materials are added when the production process begins and conversion costs are applied uniformly throughout the process, what are the equivalent units for direct materials and for conversion, respectively using the FIFO method of process costing?
A. 19,250 materials; 18,750 conversion. B. 16,250 materials; 19,250 conversion. C. 21,000 materials; 19,250 conversion. D. 21,000 materials; 22,250 conversion. E. 16,250 materials; 21,750 conversion.
Which of the following statements about financial statement analysis is incorrect?
A. Horizontal analysis for several years can be done by choosing one year as a base year and calculating increases or decreases in relation to that year. B. In horizontal percentage analysis, an item from the financial statements is expressed as a percentage of the same item from a previous year's financial statements. C. Vertical analysis compares two or more financial statement items within the same time period. D. The reason behind a financial statement ratio or percentage analysis result is usually self-evident and does not require further study or analysis.
It is almost impossible to watch a sporting event on television without seeing Nike's swoosh, which is Nike's
A. symbol. B. term. C. design. D. theme. E. name.
Employees who quit their jobs are:
a. eligible for unemployment insurance b. not eligible for unemployment insurance c. entitled to help in finding another job d. all of these are true