The primary difference between manufacturing companies and service companies is that the products provided by service companies are consumed immediately.
Answer the following statement true (T) or false (F)
True
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Indicate whether the statement is true or false
A house is listed for sale. In the law of contract, this listing is called:
A) An exposure for sale. B) A capacity C) An offer D) A brokerage E) An invitation to treat
Nevland Corporation is considering the purchase of a machine that would cost $130,000 and would last for 6 years. At the end of 6 years, the machine would have a salvage value of $18,000. By reducing labor and other operating costs, the machine would provide annual cost savings of $44,000. The company requires a minimum pretax return of 19% on all investment projects. The net present value of the proposed project is closest to (Ignore income taxes.):See separate Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using the tables provided.
A. $26,376 B. $74,902 C. $20,040 D. $38,040
Gunes Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 800 units. The costs and percentage completion of these units in beginning inventory were: Cost PercentCompleteMaterials costs$10,600 65% Conversion costs$12,800 30% A total of 8,500 units were started and 7,400 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: CostMaterials costs$142,100 Conversion costs$359,500 The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs.How many units are in ending work in process inventory in the first
processing department at the end of the month? A. 900 B. 7,700 C. 1,100 D. 1,900