In a process-costing system, goods are relatively homogeneous and different cost flow assumptions are allowable
Indicate whether the statement is true or false
true
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Devon Manufacturing Company purchased a new canning machine on July 1, 2015, for $190,000. The estimated salvage value is $15,000. The company uses units-of-production depreciation and estimates the machine will produce 125,000 units during its useful life. In 2015, the company manufactured 5,000 units after acquiring the machine. Depreciation expense for 2015 will be
A) $7,600 B) $6,500 C) $7,000 D) $14,000
The margin of safety is an effective measure of risk for a company
Indicate whether the statement is true or false
The main reason that people do NOT serve as volunteers is that they
a. have no control over their time b. Are never asked c. had negative volunteer experiences d. don't work for an organization that pays them for volunteering e. don't believe they can make a difference
Watson Corporation is considering buying a machine for $25,000. Its estimated useful life is 5 years, with no salvage value. Watson anticipates annual net income after taxes of $1,500 from the new machine. What is the accounting rate of return assuming that Watson uses straight-line depreciation and that income is earned uniformly throughout each year?
A. 8.5%. B. 8.0%. C. 10.0%. D. 6.0%. E. 12.0%.