Profit maximization as the goal of the firm is not ideal because ________
A) profits are only accounting measures
B) cash flows are more representative of financial strength
C) profit maximization does not consider risk
D) profits today are less desirable than profits earned in future years
C
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Current accounting standards require that the discount rate used for pension plans be:
A. the average market rate since the beginning of the plan. B. estimated future average market rates. C. current market rate for the year. D. the rates at which the pension benefits could effectively be settled.
Plummer Corporation has provided the following data for its two most recent years of operation: Selling price per unit$44Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials$9Direct labor$6Variable manufacturing overhead$4Fixed manufacturing overhead per year$63,000 Selling and administrative expenses: Variable selling and administrative expense per unit sold$5Fixed selling and administrative expense per year$66,000 Year 1 Year 2Units in beginning inventory0 2,000Units produced during the year9,000 7,000Units sold during the year7,000 8,000Units in ending inventory2,000 1,000The unit product cost under absorption costing in Year 2 is closest to:
A. $33.00 B. $28.00 C. $9.00 D. $19.00
Which of the following is not a task-focused leader behavior?
A. initiating structure B. production orientation C. consideration D. facilitating goal accomplishment
In a straight bankruptcy, you
A) lose everything. B) must agree to make monthly interest payments to creditors, but need not repay principal. C) can maintain some equity interests in certain personal assets, such as your house and car. D) must go to court and the judge decides how much you may keep, if anything.