Misdemeanors, by definition, may:
a. only be defined by federal legislation b. result only in a fine
c. be classified as a Class C felony
d. not involve harm to persons, only to property e. none of the other choices
e
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Which of the following statements about service departments and their costs is not true?
a. Service departments rarely provide services to other service departments. b. Some service departments may be able to precisely measure the services it provides to other departments. c. Service department costs should be included in total product costs. d. Allocation of service department costs should be made on an equitable basis.
Which of the following performance measures is most concerned with long-term financial performance?
a. Economic value added b. Residual income c. ROI d. None of these choices
Which of the following is not true of database recovery through reprocessing?
A) Reprocessing makes use of a database save. B) Reprocessing takes the same amount of time as did processing in the first place. C) Reprocessing will always return the database to its exact previous state. D) Reprocessing requires a record of all transactions since the last time the database was saved. E) All of the above are true of reprocessing.
A small sporting goods company is considering investing $2000 in a project at the start of year 1 that will produce volleyballs over the next five years. The company plans to produce and sell 200 volleyballs in the first year, and expects that volume to
grow by 10% each year thereafter. The unit selling price forecast the company has developed is $20 in year 1, $22 in year 2, $25 in year 3, $28 in year 4, and $31.50 in year 5 . Variable costs are forecast to be $15 per unit produced, and there will be a fixed overhead cost in each year of $500 . (Unless otherwise indicated, assume that all cash flows occur at the end of the year.) Suppose instead that the company thinks it can reduce its variable cost rate. What rate would produce an NPV of $10,000?