If customer requirements vary, the firm would need ______.
A. a few large consolidated facilities
B. several smaller localized facilities
C. a few smaller localized facilities
D. several large consolidated facilities
B. several smaller localized facilities
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Mercury Company established a petty cash fund with a $600 balance. Which of the following statements is incorrect?
A) A journal entry is needed to debit the Cash account and credit the Petty Cash account for $600. B) There is no net effect on current assets. C) The sum of the cash plus the total of the petty cash tickets should equal $600 at all times. D) The petty cash custodian cashes a check for $600 and places the currency in the petty cash fund box.
Labadie Corporation manufactures and sells one product. The following information pertains to the company's first year of operations: Variable costs per unit: Direct materials$74?Fixed costs per year: Direct labor$1,029,600?Fixed manufacturing overhead$4,461,600?Fixed selling and administrative expenses$3,864,000?The company does not have any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, the company produced 57,200 units and sold 55,200 units. The company's only product is sold for $233 per unit.Assume that the company uses a variable costing system that assigns $18 of direct labor cost to each unit that is produced. The unit product cost under this costing system is:
A. $74 per unit B. $170 per unit C. $240 per unit D. $92 per unit
If net sales total $50,000, beginning accounts receivable was $10,000, and ending accounts receivable is 16,000, what is the days' sales collected?
A) 73 days B) 96 days C) 118 days D) 192 days
According to a UNESCO report of employer views, in today's business climate, _____ is a soft skill that is essential for workers.?
A) ?writing ability B) ?entrepreneurial ability C) ?reading ability D) ?arithmetic ability