Norenberg Corporation manufactures a single product. The following data pertain to the company's operations over the last two years: Variable costing net operating income, last year$88,600 Variable costing net operating income, this year$96,100 Beginning inventory, last year 0unitsEnding inventory, last year 3,600unitsEnding inventory, this year 1,300unitsFixed manufacturing overhead cost per unit this year and last year$7per unitWhat was the absorption costing net operating income this year?
A. $100,500
B. $80,000
C. $108,000
D. $112,200
Answer: B
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When Rogers acquired Microcell, the clients of Fido, Microcell's brand name
A. faced problems developed due to unbalanced capacities along the value chain. B. paid additional administrative costs associated with managing a more complex set of activities. C. instantly gained broader market coverage and better reception for their phones. D. incurred increased costs and associated expenses with expanded overhead and capital expenditures.
As a manager, you and the group members share decision-making responsibilities. What type of management style are you using for stage 3 of the stages of group development?
a. consultative b. autocratic c. participative d. empowerment
On January 3, Kostansas Corporation purchased 5,000 shares of Morton, Inc. for $40 per share. These shares represent a 40% ownership in Morton, Inc. Prepare the journal entry Kostansas Corporation should record when Morton reports net income of $52,000 for the year on December 31.
What will be an ideal response?
The DuPont method decomposes the ROE into the product of three other ratios. those ratios are:
A) profit margin, asset turnover, and financial leverage. B) profit margin, inventory turnover, and financial leverage. C) current ratio, asset turnover, and profit margin. D) quick ratio, inventory turnover, and return on assets.