Which of the following statements about various coverages under a Personal Articles Floater is (are) true? I. Each item of jewelry is described and is insured for a specified amount. II. Stamp and coin collections can be insured on a blanket basis
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: C
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In an electronic data interchange environment, customers routinely
a. access the vendor's accounts receivable file with read/write authority b. access the vendor's price list file with read/write authority c. access the vendor's inventory file with read-only authority d. access the vendor's open purchase order file with read-only authority
The popularity of quota samples is attributable to the fact that they combine nonprobability sampling advantages with quota controls that ensure the final sample will approximate the population with respect to its key characteristics
Indicate whether the statement is true or false
Barkes, Inc., manufactures and sells two products: Product B0 and Product B5. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Expected Production Direct Labor-Hours Per Unit Total Direct Labor-HoursProduct B0400 7.0 2,800 Product B5500 4.0 2,000 Total direct labor-hours 4,800 The direct labor rate is $22.10 per DLH. The direct materials cost per unit is $288.10 for Product B0 and $118.90 for Product B5.The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity:Activity Cost PoolsActivity MeasuresEstimated Overhead CostExpected Activity???Product B0Product
B5TotalLabor-relatedDLHs$136,944 2,8002,0004,800Production ordersorders 64,629 500400900Order sizeMHs 588,294 3,3003,0006,300 $789,867 The activity rate for the Production Orders activity cost pool under activity-based costing is closest to: A. $178.27 per order B. $196.10 per order C. $125.38 per order D. $71.81 per order
Which of the following statements is TRUE if total fixed costs decrease while the sales price per unit and variable cost per unit remain constant?
A) The contribution margin increases. B) The breakeven point increases. C) The contribution margin decreases. D) The breakeven point decreases.