Under the indirect method of preparing the statement of cash flows, add backs to net income include all of the following except:
a. depreciation expense
b. deferred tax expense
c. gains on sale of equipment
d. share-based compensation
C
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Capitalize the first letter of the names of directions when they indicate specific ____________
a. routes b. geographical areas c. historical paths d. shipping routes
The sales and operations plan designs products at what level?
a. aggregate level b. end-item level c. materials and components level d. materials, subassemblies, and capacity level
A party can challenge an administrative regulation as so irrational as to be arbitrary and capricious
a. True b. False Indicate whether the statement is true or false
Mccaskell Corporation's relevant range of activity is 7,000 units to 11,000 units. When it produces and sells 9,000 units, its average costs per unit are as follows: Average Cost per UnitDirect materials$6.30Direct labor$3.65Variable manufacturing overhead$1.75Fixed manufacturing overhead$9.90Fixed selling expense$2.25Fixed administrative expense$1.80Sales commissions$1.00Variable administrative expense$0.50 If 8,000 units are produced, the total amount of direct manufacturing cost incurred is closest to:
A. $79,600 B. $172,800 C. $93,600 D. $87,600