Weafer Inc. reported the following results from last year's operations: Sales$14,000,000Variable expenses 9,560,000Contribution margin 4,440,000Fixed expenses 3,740,000Net operating income$700,000Average operating assets$7,000,000?Last year's return on investment (ROI) was closest to:
A. 50.0%
B. 10.0%
C. 5.0%
D. 63.4%
Answer: B
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The following frequency distribution shows the GMAT scores of a sample of MBA students. GMAT ScoreFrequency 300 up to 4001 400 up to 5005 500 up to 6009 600 up to 7003 700 up to 8002 For the above data, compute the mean GMAT score.
What will be an ideal response?
Babette Manufacturing produces plastic toys and uses process costing. There are three processing departments—Assembling, Finishing, and Packaging. On January 1, the Finishing Department had 2000 units of partially processed product in production. During January, 31,000 units were transferred in from the Assembling Department and 29,000 units were completed and transferred out. At the end of the month, 4000 units of partially processed products remained in the Finishing Department. The weighted- average method is used. See additional details below.
Finishing Department, ending balance at January 31 Percent completed for materials cost: 94% Percent completed for conversion cost: 70% What was the number of equivalent units for the month of January, with respect to direct materials, for the Finishing Department? A) 32,760 units B) 33,000 units C) 29,000 units D) 3760 units
Cash dividends paid to stockholders are not reported on the income statement.
Answer the following statement true (T) or false (F)
Public hearings are required in formal administrative agency rulemaking
Indicate whether the statement is true or false