Which of the following is true regarding value engineering?
A) Value engineering occurs only after the product is selected and designed.
B) Value engineering creates fragile design.
C) Value engineering is oriented toward improvement of design.
D) Value engineering occurs during production when it is clear the product is a success.
E) Value engineering can save substantial amounts of product cost, but quality suffers.
C
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The direct materials standards for the main product of Duchess Company are 8 grams of direct materials per product at a cost of $3 per gram. During April, 974 grams of direct materials were used to produce 120 products at a direct materials cost of $2,900 . The direct materials quantity variance for April was
a. $72 (U). b. $92 (U). c. $42 (U). d. $112 (F).
The majority of entrepreneurial start-ups are financed through monies from
A. personal savings and the contributions of family and friends. B. venture-capital financing. C. SBA loans. D. bank financing.
On January 1, a company issues bonds dated January 1 with a par value of $400,000. The bonds mature in 5 years. The contract rate is 7%, and interest is paid semiannually on June 30 and December 31. The market rate is 8% and the bonds are sold for $383,793. The journal entry to record the first interest payment using straight-line amortization is:
A. Debit Interest Expense $15,620.70; credit Premium on Bonds Payable $1,620.70; credit Cash $14,000.00. B. Debit Interest Expense $15,620.70; credit Discount on Bonds Payable $1,620.70; credit Cash $14,000.00. C. Debit Interest Expense $14,000.00; credit Cash $14,000.00. D. Debit Interest Payable $14,000.00; credit Cash $14,000.00. E. Debit Interest Expense $12,379.30; debit Discount on Bonds Payable $1,620.70; credit Cash $14,000.00.
Which of the following would be an example of Ritzer’s McDonaldization applied to finding ‘love’?
a. Giving handmade chocolates to a person you desire b. Taking a person you desire for dinner at an exclusive restaurant c. Using a speed dating service d. Taking a date out for a Big Mac