Packaging is all the activities of designing and producing the container for a product
Indicate whether the statement is true or false
TRUE
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Product champions
A. are typically senior executives. B. are strong supporters of the status quo. C. are usually inventors of some sort. D. scavenge for resources and encourage others to back promising new ideas.
Universal Manufacturing uses a weighted-average process-costing system. All materials are introduced at the start of manufacturing, and conversion costs are incurred evenly throughout the process. The company's beginning and ending work-in-process inventories totaled 10,000 units and 15,000 units, respectively, with the latter units being 2/3 complete at the end of the period. Universal started 30,000 units into production and completed 25,000 units. Manufacturing costs follow.Beginning work in process: Materials, $60,000; conversion cost, $150,000Current costs: Materials, $180,000; conversion cost, $480,000Universal's equivalent-unit cost for materials is:
A. $4.50. B. $9.60. C. $8.00. D. $6.00. E. None of the answers is correct.
A owns a ranch in Wyoming, which B offers to purchase. A is not willing to sell the ranch but is willing to exchange the ranch for an apartment complex in Louisiana. The complex is available for sale. B purchases the apartment complex in Louisiana from C and transfers it to A in exchange for A's ranch. The ranch and the complex each have a $1,000,000 fair market value. Which of the following is true?
A. The transaction does not qualify as a like-kind exchange for either B or A. B. The transaction qualifies as a like-kind exchange for both B and A. C. The transaction qualifies as a like-kind exchange for B but not for A. D. The transaction qualifies as a like-kind exchange for A but not for B.
In 2016, Southwest Airlines had negative net working capital of $(2,346) million and current assets of $4,498 million. The firm’s current liabilities are
a. $2,152 million b. $6,844 million c. $2,346 million d. $5,236 million