Independence is the avoidance of all relationships that impair or appear to impair the objectivity of the accountant
Indicate whether the statement is true or false
T
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Ergo Co. is a manufacturing company based in Texas. In the year after Ergo Co. implemented a comparable-worth policy, its expenses increased, and as a result, profits declined. What difficulty of comparable-worth policies does this example illustrate?
A. The employer is at an economic disadvantage because of increased pay for some jobs. B. The policy overlooks the undervalued work performed by women. C. The employer ignores the evaluation points for each job. D. The policy uses job enrichment to establish a pay structure based on market rates. E. Employees in lower-paid jobs are encouraged to meet the goal of comparable worth.
A company is contemplating investing in a new piece of manufacturing machinery. The amount to be invested is $150,000. The present value of the future cash flows generated by the project is $145,000. Should they invest in this project?
A) yes, because the rate of return on the project exceeds the desired rate of return used to calculate the present value of the future cash flows. B) no, because the rate of return on the project is less than the desired rate of return used to calculate the present value of the future cash flows. C) no, because net present value is +$5,000 D) yes, because the rate of return on the project is equal to the desired rate of return used to calculate the present value of the future cash flows.
Find the area under the normal curve between the Z values 0.37 and 0.51.
a. 5.07% b. 4.10% c. 17.23% d. 19.99%
Babson Sugar, Inc has six processing departments for refining sugar—Affination, Carbonation, Decolorization, Boiling, Recovery, and Packaging
Conversion costs are added evenly throughout each process. Data from August for the Decolorization Department are as follows: Metric Tons Beginning Work-in-Process Inventory 0 Transferred in 12,500 Completed and transferred out to Boiling in August 8,000 Ending Work-in-Process Inventory 4,500 Costs Beginning Work-in-Process Inventory $0 Costs added during August Direct materials 2,500,000 Direct labor 1,200,000 Manufacturing overhead 625,000 Total costs added during August $4,325,000 The ending Work-in-Process Inventory is 100% and 75% complete with respect to direct materials and conversion costs, respectively. The weighted-average method is used. Compute the cost per equivalent unit for the units transferred to the Boiling process. (Round any intermediate calculations and your final answer to two decimal places.) A) $200.00 per metric ton B) $96.00 per metric ton C) $150.00 per metric ton D) $360.44 per metric ton