Mutual agency, the power of each owner to act as an agent and engage in contracts for a business, applies to stockholders who are the owners of the corporation
Indicate whether the statement is true or false
false
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In applying the first-in, first-out method of costing inventories, if 8,000 units which are 30% completed are in process at June 1, 28,000 units are completed during June, and 4,000 units were 80% completed at June 30, the number of equivalent units of production for June was 28,600
Indicate whether the statement is true or false
Clear Window Cleaners Clear Window Cleaners purchased new cleaning equipment at the beginning of 2011. The equipment has a cost of $53,000, an estimated life of 5 years, and an estimated residual value of $3,000. A full year's depreciation expense is to be recorded in 2011. The equipment was used 20,000 hours during 2011 and 24,000 hours during 2012. The number of expected hours over five years
is 125,000. Refer to the information provided for Clear Window Cleaners. What is the amount by which double-declining-balance depreciation exceeds straight-line depreciation in the first year of the equipment? A) $11,200 B) $13,200 C) $21,200 D) $12,720
If the Q1 demand for a particular year is 200 and the seasonal index is 0.85, what is the deseasonalized demand value for Q1?
A) 170 B) 185 C) 215 D) 235.29 E) 250
Which of the following statements is FALSE about finite population queuing model?
a. Arrival rates have a Poisson distribution. b. Services time has a negative exponential distribution. c. Length of the queue has an impact on the arrival rate. d. Arrival rate is independent of the length of the queue.