Which of the following segment performance measures will decrease if there is an increase in the interest expense for that segment? Return on InvestmentResidual IncomeA)YesYesB)NoYesC)YesNoD)NoNo
A. Choice A
B. Choice B
C. Choice C
D. Choice D
Answer: D
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Creative Products Inc incurred the following costs (in alphabetical order) during 2012 related to one of its products: Administrative costs $ 2,000 Advertising costs 1,000 Direct material used 8,000 Direct labor 20,000 Factory equipment depreciation
1,000 Factory rent 5,000 Indirect labor 3,000 Indirect materials 2,000 During the year, 3,000 units were produced out of which 2,750 units were sold for $30 each. Required: A. Calculate the total product costs incurred for the year. B. What is the product cost per unit? C. What is cost of goods sold for the year? D. What is net operating income for the year? (Ignore taxes)
Which of the following is a characteristic of managerial accounting?
A) It is used primarily by external users. B) It often lacks flexibility. C) It is often future-oriented. D) The information it provides is extremely precise.
When you rely on primary data, you have more control over all of the following except
A) accuracy. B) completeness. C) factoring. D) relevance. E) objectivity.
The four categories of consumer markets are producer, reseller, government, and institutional.
Answer the following statement true (T) or false (F)