If interaction between two variables is desired, factor analysis can be used to transform large amounts of data into manageable units
Indicate whether the statement is true or false
FALSE
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When there are no beginning or ending balances in Finished Goods Inventory, variable and absorption costing will result in ________.
A) different amounts for ending Work-in-Process Inventory B) the same operating income C) different sales revenue D) different amounts for cost of goods sold
Checkable deposits and money market deposit accounts are
A) payable on demand. B) liabilities of the banks. C) assets of the banks. D) only A and B of the above. E) only A and C of the above.
Kearin Corporation has provided the following financial data:Balance SheetDecember 31, Year 2 and Year 1AssetsYear 2Year 1Current assets: Cash$33,000 $100,000 Accounts receivable, net 281,000 250,000 Inventory 122,000 130,000 Prepaid expenses 68,000 80,000 Total current assets 504,000 560,000 Plant and equipment, net 1,016,000 980,000 Total assets$1,520,000 $1,540,000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable$80,000 $100,000 Accrued liabilities 31,000 30,000 Notes payable, short term 56,000 70,000 Total current liabilities 167,000 200,000 Bonds payable 260,000 260,000 Total liabilities 427,000 460,000 Stockholders' equity: Common stock, $5 par
value 500,000 500,000 Additional paid-in capital 70,000 70,000 Retained earnings 523,000 510,000 Total stockholders' equity 1,093,000 1,080,000 Total liabilities & stockholders' equity$1,520,000 $1,540,000 Income StatementFor the Year Ended December 31, Year 2Sales (all on account)$1,300,000 Cost of goods sold 800,000 Gross margin 500,000 Operating expenses 448,692 Net operating income 51,308 Interest expense 19,000 Net income before taxes 32,308 Income taxes (35%) 11,308 Net income$21,000 Dividends on common stock during Year 2 totaled $8,000. The market price of common stock at the end of Year 2 was $2.02 per share.The company's gross margin percentage for Year 2 is closest to: A. 4.2% B. 38.5% C. 2381.0% D. 62.5%
List the five modes of transportation. For each mode provide a brief description (or examples) of the type of cargo that typically travels via that mode of transport