Acompany must capitalize any lease lasting more than a year by reporting it on the balance sheets as a liability and as an asset.
Answer the following statement true (T) or false (F)
True
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Which of the following is a function of a company's IT department?
A. identifying new locations for company offices B. setting sales targets for technology products C. determining shipping and gift wrap options for items sold online D. marketing new technologies to consumers E. managing the use of mobile computing
Bandy Corporation owns a machine that manufactures lawn game sets. Production time for the croquet set is 10 units per hour and for the volleyball set is 8 units per hour. The machine's capacity is 1,500 hours per year. Both products are sold to a single customer who has agreed to buy all of the company's output up to a maximum of 4,000 croquet sets and 10,000 volleyball sets. Selling prices and variable costs per unit are shown below. Based on this information, what is Bandy Corporation's most profitable sales mix? Croquet Set Volleyball GameSelling price per unit$75 $62 Variable costs per unit 42 25
A. 12,000 volleyball sets. B. 2,500 croquet sets and 10,000 volleyball sets. C. 4,000 croquet sets and 10,000 volleyball sets. D. 4,000 croquet sets and 8,800 volleyball sets. E. 15,000 croquet sets.
Griffin Corporation invested $128,000 to acquire 27,000 shares of Delta Technologies, Inc on March 1, 2017
On July 2, 2017, Delta pays a cash dividend of $1.25 per share. The investment is classified as an available-for-sale investment. Which of the following is the correct journal entry to record the transaction on July 2, 2017? A) Cash 33,750 Long-term Investments-Trading Investments 33,750 B) Cash 33,750 Long-term Investments-Available-for-Sale 33,750 C) Cash 33,750 Long-term Investments-Held-to-Maturity 33,750 D) Cash 33,750 Dividend Revenue 33,750
Which of the following is not one of the major functions of shop-floor control?
A. Assign a priority to each shop order. B. Measure efficiency, utilization, and productivity of manpower and machines. C. Load machine hours into workstations. D. Track WIP quantity by location by shop order to accounting. E. Convey shop order status information to the office.