The rapid expansion phase of an industry is characterized by
A) extreme sensitivity to interest rates and other economic factors.
B) high returns and relatively low risks.
C) willingness of investors to buy almost any stock associated with the industry.
D) many decades of sustained above average growth.
Answer: C
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Tomlison Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year: Cost of goods manufactured$1,589,000Cost of goods sold (unadjusted)$1,517,000 The journal entry to record the unadjusted Cost of Goods Sold is:
A.
| Finished Goods | 1,589,000 | ? | ? | |
| Cost of Goods Sold | 1,589,000 | |||
B.
| Cost of Goods Sold | 1,589,000 | ? | ? | |
| Finished Goods | 1,589,000 | |||
C.
| Finished Goods | 1,517,000 | ? | ? | |
| Cost of Goods Sold | 1,517,000 | |||
D.
| Cost of Goods Sold | 1,517,000 | ? | ? | |
| Finished Goods | 1,517,000 | |||
Cahalane Corporation has provided the following data for its two most recent years of operation: Selling price per unit$91 Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials$12Direct labor$5Variable manufacturing overhead$5Fixed manufacturing overhead per year$432,000Selling and administrative expenses: Variable selling and administrative expense per unit sold$4Fixed selling and administrative expense per year$78,000 Year 1Year 2Units in beginning inventory01,000Units produced during the year9,00012,000Units sold during the year8,00010,000Units in ending inventory1,0003,000 Which of the following statements is true for Year 1?
A. The amount of fixed manufacturing overhead released from inventories is $560,000 B. The amount of fixed manufacturing overhead deferred in inventories is $48,000 C. The amount of fixed manufacturing overhead released from inventories is $48,000 D. The amount of fixed manufacturing overhead deferred in inventories is $560,000
The objective of both parties in distributive bargaining is to obtain as much of which of the following as possible?
A) bargaining range B) resistance point C) target point D) bargaining mix E) None of the above.
Explain the belief that a persistent trade deficit is harmful to the national economy. Why was the Bretton Woods Agreement initiated and why was it terminated?
What will be an ideal response?