Firms that focus too narrowly on their established customers may be constrained in the strategies and technologies they choose to pursue. When this happens, they are said to suffer from:
a. marketing myopia.
b. core rigidities.
c. tyranny of the served market.
d. a competency trap.
e. market misery.
C
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Which of the following is false regarding the issue of stock versus the issue of bonds to raise capital?
a. The payment of dividends is at the discretion of the board of directors. b. The payment of interest on bonds payable is required by law. c. Interest accrues, whereas dividends do not accrue. d. The declaration of dividends reduces the amount of income taxes the corporation must pay.
Which of the following is NOT required to be reported in the financial statements or disclosed in the accompanying notes?
a. Balances of major classes of noncurrent operating assets at the balance sheet date b. Gross historical cost and accumulated amortization for intangible assets at the balance sheet date c. Gross historical cost and accumulated depreciation for tangible noncurrent operating assets at the balance sheet date d. A general description of the cost allocation methods used with respect to major classes of noncurrent operating assets
Parker Corporation has a job-order costing system and uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. At the beginning of the year, manufacturing overhead and direct labor-hours for the year were estimated at $50,000 and 20,000 hours, respectively. In June, Job #461 was completed. Materials costs on the job totaled $4,000 and labor costs totaled $1,500 at $5 per hour. At the end of the year it was determined that the company worked 24,000 direct labor-hours for the year and incurred $54,000 in actual manufacturing overhead costs.If Job #461 contained 100 units, the unit product cost on the completed job cost sheet would be: (Round your intermediate calculations to 2 decimal places.)
A. $62.50 B. $55.00 C. $61.75 D. $63.10
As jobs become more complex, individual differences in output also increase.
Answer the following statement true (T) or false (F)