When the words in a contract have more than one meaning, they are cut from the contract.
Answer the following statement true (T) or false (F)
False
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If a management accountant gives information about a future merger of his or her company to a relative, the accountant has acted unethically
Indicate whether the statement is true or false
Harold, a financial accountant in a company, is asked to identify the changes in the company's account values between 2014 and 2016. To get the required information, he uses comparative financial statements, which state the figures for the two years side by side. These comparative financial statements make it easier for Harold to identify the changes that may have taken place during that period. In this scenario, Harold is most likely using _____ to get the required information.
A. activity-based costing B. horizontal analysis C. liquidity index D. static analysis
Pebbles Corporation has two manufacturing departments--Casting and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: CastingFinishingTotalEstimated total machine-hours (MHs) 2,000 3,000 5,000Estimated total fixed manufacturing overhead cost$9,800$6,300$16,100Estimated variable manufacturing overhead cost per MH$2.00$2.40 During the most recent month, the company started and completed two jobs--Job A and Job L. There were no beginning inventories. Data concerning those two jobs follow: Job AJob LDirect materials$15,400$9,600Direct labor cost$24,900$6,200Casting machine-hours 1,400 600Finishing machine-hours 1,200 1,800 Assume that the company uses a plantwide predetermined manufacturing overhead rate
based on machine-hours. The total manufacturing cost assigned to Job L is closest to: A. $6,200 B. $28,904 C. $9,600 D. $13,104
Which of the following is NOT a potential disadvantage of licensing relative to FDI?
A) possible loss of quality control B) establishment of a potential competitor in third-country markets C) possible improvement of the technology by the local licensee, which then enters the original firm's home market D) All of the above are potential disadvantages to licensing.