Given a cash value policy with the following characteristics: face value = $200,000, cash value = $50,000, outstanding loans = $10,000 and surrender charges = $1,000, the amount of death protection is
A)
$200,000.
B)
$190,000.
C)
$150,000.
D)
$140,000.
C
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The chief executive officer, company president, and the chief operating officer are all examples of ________ managers.
A. regional B. operational C. strategic D. frontline E. tactical
Sunk costs:
A. differ among the alternatives. B. impact the future. C. are relevant. D. are not considered when evaluating new proposals.
Operating budgets for the DiP Company reveal the following information: net sales, $400,000; beginning materials inventory, $23,000; materials purchased, $185,000; beginning work in process inventory, $64,700; beginning finished goods inventory, $21,600; direct labor costs, $34,000; overhead applied, $67,000; ending work in process inventory, $61,200; ending materials inventory, $18,700; and
ending finished goods inventory, $16,300. Compute DiP Company's budgeted gross margin. A) $299,800 B) $293,800 C) $150,900 D) $100,900
At the start of June, the Polishing Department of John's Counters, Inc had 15,000 units in beginning inventory that were 100% complete with respect to direct materials and conversion costs
During the month, it received 25,000 units from the Machining Department. It started and completed 17,000 units and transferred 32,000 units to the Packaging Department. It had 8,000 units in ending Work-in-Process Inventory. Direct materials are added at the beginning of the process. Units in beginning Work-in-Process Inventory were 50% complete in respect to conversion costs. Units in ending Work-in-Process Inventory were 40% complete with respect to conversion costs. Prepare the production cost report for the Polishing Department for the equivalent units of production for the month of June. Use the FIFO method. What will be an ideal response