Which of the following should not be included in the computation of cost of goods manufactured?
a. Power costs
b. Small tools expense
c. Total selling costs
d. Work in Process Inventory
C
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When one company purchases less than 50% of equity securities in a second company, which of the following statements is true?
a. The purchaser is referred to as the parent. b. The purchaser is referred to as the subsidiary. c. The company whose securities are purchased is the subsidiary. d. The company whose securities are purchased is the investee.
Which of the following is true about sales branches, sales offices, and manufacturers' showrooms?
A) They are all manufacturer-owned intermediaries. B) They all determine the marketing strategy for the products they sell. C) They are all independent intermediaries. D) They all carry inventory and take title to the inventory they carry. E) They perform the same functions as self-service wholesalers.
Diamond Plywood, Inc., manufactures four types of plywood panels. Each product must go through the following operations: patching, grading, gluing, and baking. The time in hours required for each operation for each panel, the total capacity available for each of these operations in a given month, as well as the minimum production requirements and the profit contributions per panel are given in the following table. If Diamond Plywood wishes to increase its capacity in one of the four operations, which operation should it be?
A. patching
B. grading
C. gluing
D. baking
After Michael, a minor aged sixteen, purchased a compact disc player from Rollins Electronics, he decided to return it. Before he got a chance to do so, his little brother smashed it with a hammer. In order to disaffirm the contract under the majority view, he
a. need only return the damaged compact disc player. b. must pay for any damage to the compact disc player. c. must pay for any depreciation to the compact disc player. d. must pay for any damage and pay for the use of the compact disc player.