Most bonds issued in the United States have ________ coupon payments and ________ face values
A) annual; $1,000
B) annual; $500
C) semi-annual; $1,000
D) semi-annual; $500
C
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Zhang Industries budgets production of 300 units in June and 310 units in July. Each finished unit requires 4 pounds (lbs.) of raw material K, which costs $5 per pound. Each month's ending inventory of raw materials should be 30% of the following month's budgeted production. The June 1 raw materials inventory has 360 pounds of raw material K. Compute the budgeted purchases for raw material K in pounds for June.
A. 1,200 lbs. B. 1,220 lbs. C. 880 lbs. D. 1,212 lbs. E. 1,240 lbs.
Anchovy, Inc., a producer of frozen pizzas, began operations this year. During this year, the company produced 16,000 cases of pizza and sold 15,000. At year-end, the company reported the following income statement using absorption costing:Sales (15,000 × $48)$720,000Cost of goods sold (15,000 × $19)285,000Gross margin$435,000Selling and administrative expenses 79,000Net income$356,000Production costs per case total $19, which consists of $15.50 in variable production costs and $3.50 in fixed production costs (based on the 16,000 units produced). Eight percent of total selling and administrative expenses are variable. Compute net income under variable costing.
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Herbal Essences tries to get shelf space in Target and Walmart because young women frequently shop there for hair care products. This is an example of which of the "Four Ps"?
A. People B. Place C. Promotion D. Product E. Price