What is the quick ratio if cash is $10,000, accounts receivable are $25,000, inventories are $30,000, accounts payable are $40,000, and accrued payroll is $15,000?
A) 2.00
B) 1.18
C) 0.73
D) 1.13
E) 0.09
E
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Using threats or intimidation to persuade someone is which influence tactic?
A. legitimating B. pressure C. ingratiating D. exchange E. personal appeals
In a period of rising prices, which inventory method is best to use for tax purposes?
a. FIFO b. Average-cost c. Specific identification d. LIFO
On a reconciliation of net income to cash from operations, depreciation is added back to net income as depreciation
a. is a direct outflow of cash. b. reduces net income but does not involve an outflow of cash. c. reduces net income and involves an outflow of cash. d. is an outflow of cash to a fund established for the replacement of assets.
Opunui Corporation has two manufacturing departments--Molding and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: MoldingFinishingTotalEstimated total machine-hours (MHs) 4,000 1,000 5,000Estimated total fixed manufacturing overhead cost$19,600$2,400$22,000Estimated variable manufacturing overhead cost per MH$1.10$2.10 During the most recent month, the company started and completed two jobs--Job A and Job M. There were no beginning inventories. Data concerning those two jobs follow: Job AJob MDirect materials$13,600$7,500Direct labor cost$20,700$7,400Molding machine-hours 2,700 1,300Finishing machine-hours 400 600 Assume that the company uses a plantwide predetermined manufacturing overhead rate
based on machine-hours and uses a markup of 40% on manufacturing cost to establish selling prices. The calculated selling price for Job A is closest to: A. $20,788 B. $72,758 C. $51,970 D. $80,034