If the costs for direct materials, direct labor, and factory overhead were $60,000, $35,000, and $25,000, respectively, for 20,000 equivalent units of production, the conversion cost per equivalent unit was $6
Indicate whether the statement is true or false
False
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Excess capacity can be a safety net if demand suddenly picks up.
Answer the following statement true (T) or false (F)
Which of the following is the formula to calculate a firm's inventory turnover ratio?
A. Inventory Turnover = Sales ÷ Inventory B. Inventory Turnover = Cost of goods sold ÷ Inventory C. Inventory Turnover = Inventory ÷ Current assets D. Inventory Turnover = Inventory ÷ Accounts receivables E. Inventory Turnover = (Sales - Cost of goods sold) ÷ Inventory
Mom's Apple Pies (MAP) earned $500,000 this year. The company follows the residual dividend policy when paying dividends. MAP has determined that it needs a total of $600,000 for investment in capital budgeting projects this year. If the company's debt/asset ratio is 40 percent, what will its dividend payout ratio be this year? MAP has no preferred stock.
A. 40% B. 28% C. 72% D. 48% E. 52%
Adverse selection exists when those with higher risk obtain insurance coverage
Indicate whether the statement is true or false