When a participating respondent does not answer a specific question, this is known as:
A) refusal
B) break-off
C) item omission
D) perplexing situation
E) desertion
C
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Allen Company used $71,000 of direct materials and incurred $37,000 of direct labor costs during the current year.
Allen Company used $71,000 of direct materials and incurred $37,000 of direct labor costs during the current year. Indirect labor amounted to $2,700, while indirect materials used totaled $1,600. Other operating costs pertaining to the factory included utilities of $3,100, maintenance of $4,500, supplies of $1,800, depreciation of $7,900, and property taxes of $2,600. There was no beginning or ending finished goods inventory, but work in process inventory began the year with a $5,500 balance and ended the year with a $7,500 balance. Prepare a statement of cost of goods manufactured.
An appliance store has total assets of $2,800,000, accounts receivable of $900,000, accounts payable of $700,000, inventory valued at $1,500,000, and total liabilities of $2,500,000. In 2016, its net sales were $2,100,000, and its operating profit margin equaled $42,000. Calculate the store's return on assets.
A. 2.8 percent B. 7.5 percent C. 1.5 percent D. 71.4 percent E. 75 percent
The following data were reported by a corporation:Authorized shares20,000Issued shares15,000Treasury shares3,000The number of outstanding shares is:
A. 17,000. B. 20,000. C. 23,000. D. 12,000. E. 15,000.
An alternative term for business ethics is?
a. EDLP b. Corporate utility theory c. Consumerism d. Corporate social responsibility