Fleming Inc manufactures and sells wooden bookshelves. Which of the following steps in the manufacturing cycle would be considered non-value added time?
A) Time spent cutting the wood for the bookshelves.
B) Time spent assembling the bookshelves.
C) Time spent moving the bookshelves from the assembly department to the staining department.
D) Time spent staining the bookshelves.
C
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Perceived benevolence is that group of skills, competencies, and characteristics that enable a party to have influence within some specific domain.
Answer the following statement true (T) or false (F)
Payment of dividends would be reflected as a cash outflow in the investing activities section of the statement of cash flows
Indicate whether the statement is true or false
Jason purchased ABC stock at $40 per share and DEF stock at $35 per share on the same day in 2015
Exactly 6 months later, the ABC stock is worth $42.00 per share and has not paid a dividend while the DEF stock is worth $36 per share and has paid 2 quarterly dividends of $0.50 each. The holding period returns are A) ABC, $2.00 and DEF $2.00. B) ABC 5% and DEF 2.9%. C) ABC 5% and DEF 5.7%. D) The holding period return cannot be determined because we do not know the discount rate.
Which of the following is not a PMSI creditor?
A) A bank financing the purchase of an air conditioner B) A solar heat company financing a customer's purchase of solar panels C) A cabinet company financing a tenant's purchase of cabinets for his apartment D) All of the above are PMSI creditors