Which of the following is a true statement regarding an exit-price accounting system?
a. It measures flexibility of the firm in terms of the amount of cash that would be realized from a forced liquidation of assets.
b. It provides an excellent indicator of liquidity.
c. It provides an estimate of the speed of conversion of a firm’s resources.
d. It provides an estimate of the cash conversion value of a firm’s resources.
ANSWER: D
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The schema we use to label someone as “lazy” versus “a go-getter” or “nice” versus “mean” is called interpersonal ______.
a. stereotypes b. prototypes c. constructs d. scripts
The purpose of therapeutic cloning is
A. to produce specialized tissue cells. B. to produce an individual to the donor of the nucleus. C. to stimulate cells that have been arrested in the S phase. D. None of the answer choices are correct.
Answer the following statements true (T) or false (F)
1. Electronic funds transfers move cash by electronic communications. 2. Electronic funds transfers are a system that transfers cash by using paper documents. 3. Debit card transactions are considered electronic funds transfers. 4. All items on the book side of the bank reconciliation require journal entries. 5. Bank errors are posting errors made by the bank that either incorrectly increase or decrease the depositors bank balance.
Assume that a special pricing order is accepted for 5600 sails at a sales price of $150 per unit. This special order requires both variable manufacturing and variable selling and administrative costs, as well as incremental fixed costs of $400,000. What will be the impact on operating income?
Saltwater Sail Makers manufactures sails for sailboats. The company has the capacity to produce 36,000 sails per year and is currently producing and selling 25,000 sails per year. The following information relates to current production:
A) Operating income decreases by $380,800.
B) Operating income decreases by $19,200.
C) Operating income increases by $380,800.
D) Operating income increases by $19,200.