In the development of pro forma statements, a firm that requires external funds means that its projected level of cash is in excess of its needs and that funds would therefore be available for repaying debt, repurchasing stock, or increasing the
dividend to stockholders.
Indicate whether the statement is true or false
FALSE
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An organization's culture of __________ reflects the extent to which majority members value efforts to increase minority representation, and whether the qualifications and abilities of minority members are questioned.
A. diversity B. strategy C. conflict D. inclusion E. multiculturalism
Assume 4 separate purchases of 100 units of the same item in order at the following prices: 100 @ $0.25 each; 100 @ $0.23 each; 100 @ $0.21 each and 100 @ $0.26 each. An ending inventory count showed 230 of the items still in stock. Under the FIFO method, cost of ending inventory is:
a. $53.90 b. $54.30 c. $59.30 d. $53.40 e. $55.00
Buckbee Corporation manufactures and sells one product. The following information pertains to the company's first year of operations: Variable costs per unit: Direct materials$97Fixed costs per year: Direct labor$629,000Fixed manufacturing overhead$2,849,000Fixed selling and administrative expenses$1,056,000 The company does not have any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, the company produced 37,000 units and sold 32,000 units. The company's only product is sold for $261 per unit.The net operating income for the year under super-variable costing is:
A. $1,184,000 B. $714,000 C. $799,000 D. $229,000
A random sample of 144 observations has a mean of 20, a median of 21, and a mode of 22 . The population standard deviation is known to equal 4.8 . The 95.44% confidence interval for the population mean is
a. 15.2 to 24.8 b. 19.200 to 20.800 c. 19.216 to 20.784 d. 21.2 to 22.8