The information in a statement of cash flows helps investors, creditors and others judge a company's ability to meet its obligations and pay ____________________.
Fill in the blank(s) with the appropriate word(s).
dividends
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Meow Products Ltd. Meow Products Ltd. produces and sells scratching posts for cats. In the current year, the company had expected to sell 12,000 posts but actually produced and sold 10,000 posts. The following information is available regarding the standard cost to produce a single post: Direct materials: 3 feet @ 1.75 per foot Direct labor: 15 minutes @ $.30 per minute In the current year,
38,000 feet of material were purchased out of which 35,000 feet were used at a cost of $1.55 per foot, and 160,000 direct labor minutes were incurred at a cost of $.32 per minute. Refer to the Meow Products Ltd. information above. The company's direct labor efficiency variance for the current year is: A) $ 3,000 U. B) $ 3,000 F. C) $12,000 U. D) $12,000 F.
A kanban that is used to authorize movement is referred to as?
a. Withdrawal kanban b. Production kanban c. Manufacturing kanban d. Processing kanban
Which of the following is an element of inventory holding costs?
A) housing costs B) material handling costs C) investment costs D) pilferage, scrap, and obsolescence E) All of the above are elements of inventory holding costs.
In accord with banking industry practices, US Bank's computers are programmed to verify signatures only on checks exceeding $1,000. US Bank cashes a check for $900 on the forged signature of its customer Vita. Under UCC Article 3, with respect to reasonable commercial standards, US Bank is
A. definitely liable. B. definitely not liable. C. liable if any other bank verifies all signatures on all checks. D. liable if Vita has never written or cashed a check for more than $899.