Product U23N has been considered a drag on profits at Jinkerson Corporation for some time and management is considering discontinuing the product altogether. Data from the company's budget for the upcoming year appear below:Sales$730,000Variable expenses$350,000Fixed manufacturing expenses$234,000Fixed selling and administrative expenses$161,000In the company's accounting system all fixed expenses of the company are fully allocated to products. Further investigation has revealed that $144,000 of the fixed manufacturing expenses and $93,000 of the fixed selling and administrative expenses are avoidable if product U23N is discontinued. The financial advantage (disadvantage) for the company of eliminating this product for the upcoming year would be:
A. ($15,000)
B. $143,000
C. $15,000
D. ($143,000)
Answer: D
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Bill experienced a rapid loss of his ability to function shortly before his death at age 79. Bill's developmental change is an example of __________
Fill in the blank(s) with the appropriate word(s).
You have finished proofreading only when
A) you have read through the entire document without making any changes. B) you have run a spellchecker and corrected all of the errors. C) you have proofread the document on your computer screen and not found additional errors. D) you have solicited comments from coworkers or classmates. E) you are finally able to let go and stop worrying about content, typos, and format errors.
Assume that the reduced cost of a decision variable is -$20 for a maximization problem. This implies that:
A) the objective function value will decrease by $20 if we do not produce any units of this product B) the objective function value will not change if we produce an additional unit of this product C) the objective function value will increase by $20 if we produce an additional unit of this product D) the shadow price value will decrease by $20 if we produce an additional unit of this product E) the objective function value will decrease by $20 if we produce an additional unit of this product
On December 31, Jacoby Company received a $385 bill for the purchase of supplies in December that it will not pay for until January 15. Jacoby follows a policy of recording all prepaid expenses to asset accounts at the time of cash payment. The adjusting entry needed on December 31 to accrue this cost is:
A. Debit Accounts Payable $385; credit Cash $385. B. Debit Accounts Payable $385; credit Supplies $385. C. Debit Supplies $385; credit Accounts Payable $385. D. Debit Supplies Expense $385; credit Cash $385. E. Debit Supplies Expense $385; credit Supplies $385.