Many consumers now ask other consumers for advice on products rather than consulting manufacturers or retailers. What makes it easier for them to do this?
a. modern mobile phones have internet connections and more sophisticated cameras
b. new European regulations mean that manufacturers no longer have exclusive rights to give
advice and guidance about their products
c. the Consumers’ Association has run a number of conferences and set up an advice share
network
d. government has encouraged manufacturers to delegate this responsibility to other
consumers in order to save costs
e. social networking sites, blogs and online reviews have made it easier and cheaper for
consumers to self-publish and communicate
e. social networking sites, blogs and online reviews have made it easier and cheaper for
consumers to self-publish and communicate
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Two apparently similar ways of posing a question always yields the same information
Indicate whether the statement is true or false
Craig Manufacturing Company operates its three production departments within a single facility. Each department produces its own products and maintains its own production equipment. Although they share a common facility, each department is overseen by a separate supervisor. Which one of the following costs is a direct cost of each department?
A. Production supervisor salary B. Lease payment on facility C. Plant manager salary D. Depreciation on the facility
The following information relates to the defined benefit pension plan for the Moldor Company for the year ending December 31 . 2014. Projected benefit obligation, January 1 .............. $4,600,000 Projected benefit obligation, December 31 ............ 4,729,000 Fair value of plan assets, January 1 ................. 5,035,000 Fair value of plan assets, December 31 ............... 5,565,000
Expected return on plan assets ....................... 450,000 Amortization of deferred gain ........................ 32,500 Employer contributions ............................... 425,000 Benefits paid to retirees ............................ 390,000 Settlement rate ...................................... 10% Using the information above, the actual return on plan assets for the year is a. $105,000. b. $495,000. c. $503,500. d. $530,000.
The following lots of a particular commodity were available for sale during the year: Beginning inventory 5 units at $61 First purchase 15 units at $63 Second purchase 10 units at $74 Third purchase 10 units at $77 The firm uses the periodic system and there are 20 units of the commodity on hand at the end of the year. What is the amount of the inventory at the end of the year according to the
average cost method? A) $1,380 B) $1,375 C) $1,510 D) $1,220