The beginning work in process inventory was 60 percent complete, and the ending work in process inventory is 70 percent complete. The dollar amount of the production cost included in the ending work in process inventory (using the average cost method) is determined by multiplying the average unit costs by what percentage of the total units in the ending work in process inventory?
a. 70 percent
b. 60 percent
c. 100 percent
d. 65 percent
a
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On February 1, 2015, Vermont Corp pays $50,000 for shares of Stream, Inc common stock and another $1,000 in commissions. Assume that Vermont sells the Stream stock on May 20, 2015, for $53,000 . In this case, Vermont recognizes
a. An increase in assets and stockholders' equity for $2,000. b. An decrease in assets and an increase in stockholders' equity for $2,000. c. An increase and decrease in assets by the same amount. d. An increase in assets and stockholders' equity for $3,000.
The optimal solution:
Consider the following maximization problem. MAX z = x + 2y s.t. 2x + 3y ? 6 5x + 6y ? 30 y ? 1 A) occurs where x = 4.67 and y = 1.11. B) occurs where x = 0 and y = 2. C) occurs where x = 6 and y = 0. D) results in an objective function value of 12.
Which of the following cannot file a bankruptcy petition under the Code?
a. Aztec, a foreign corporation doing business in the United States. b. Milan, a citizen of Bosnia, who owns property in the United States. c. Debra, a resident of Michigan, whose liabilities do not exceed assets. d. Stan, an American citizen, who refuses to undergo credit counseling. e. All of the above.
Chow Company earned $1,500 of cash revenue, paid $1,200 for cash expenses, and paid a $200 cash dividend to its owners. Which of the following statements is true?
A. The net cash outflow for investing activities was $100. B. The net cash inflow from operating activities was $100. C. The net cash outflow for investing activities was $200. D. The net cash inflow from operating activities was $300.