The advantage of the basic earning power ratio (BEP) over the return on total assets for judging a company's operating efficiency is that the BEP does not reflect the effects of debt and taxes.
Answer the following statement true (T) or false (F)
True
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When a flexible manufacturing system (FMS) is used, response time to needs of the market is slower than under a traditional manufacturing system
Indicate whether the statement is true or false
Which one of the following items is not a manufacturing cost?
A. General and administrative expenses. B. Factory overhead. C. Direct materials. D. Conversion cost. E. Direct labor.
In Old Island Fumigation v. Barbee, a fumigation company sprayed two condominiums. Some of the fumes leaked, without Old Island's knowledge, into a third, unprotected condominium. In this case Old Island:
a. was not liable because adequate warnings had been given b. was contributorily negligent c. was subject to comparative negligence d. was not liable; the owners of the buildings were e. none of the other choices
Some contracts must be in writing and signed to be enforceable. Contracts that are covered by the statute of frauds include:
a. contracts for the sale of land b. promises to pay the debt of another c. contracts that take more than a year to perform d. all of the specific choices are included e. none of the other choices