Tasha has a lot of statistics in her presentation. Which action can she take to help the audience make sense of the statistics?
a. limiting the other information provided with the statistics
b. providing exact numbers, up to two decimal points
c. explicitly stating where the statistics came from
d. using graphs and charts to display the data
d. using graphs and charts to display the data
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ChemKill Manufacturing produces a chemical pesticide and uses process costing. There are three processing departments—Mixing, Refining, and Packaging. On January 1, the first department—Mixing—had a zero beginning balance. During January, 44,000 gallons of chemicals were started into production. During the month, 35,000 gallons were completed, and 9000 remained in process, partially completed. In the Mixing Department, all direct materials are added at the beginning of the production process, and conversion costs are applied evenly throughout the process.
During January, the Mixing Department incurred $52,000 in direct materials costs and $211,000 in conversion costs. At the end of the month, the ending inventory in the Mixing Department was 60% complete with respect to conversion costs. The weighted-average method is used. The total cost of the chemical pesticide in ending inventory was ________. (Round any intermediate calculations two decimal places, and your final answer to the nearest dollar.) A) $211,000 B) $52,000 C) $38,808 D) $263,000
The FASB and IASB are working jointly to develop a revised, coordinated set of financial reporting objectives. They envision that the
a. primary user groups are present and potential providers of resources, including equity investors and creditors. b. users want information useful for making resource allocation decisions. c. users want information useful for making decisions about protecting and enhancing their investments. d. proposed reporting objectives would also specify that firms should prepare financial reports from the perspective of the reporting entity (entity perspective). e. all of the above
Your textbook lists three main positive attributes of bureaucracy as argued by Weber, which one of the following is NOT one of these?
a. In bureaucracy power and privilege is limited through rules b. In bureaucracy people have a right of appeal against the misapplication of rules c. In bureaucracy it is possible to do as little work as possible without it being discovered d. In bureaucracy no one is above the law and every office is accountable
When evaluating a capital budgeting project, installation costs of a new machine must be considered as part of ________
A) the operating cash inflows B) the initial investment C) the incremental operating cash inflows D) the operating cash outflows