Irene, owner of a small retail shop, is evaluating her customer profile. Which item is the most critical for her customer profile?
A. the financial ratios to see how much her product costs the customer
B. whether the marketing research was completed with primary or secondary information
C. the customer benefits to verify they are consistent with the customer needs
D. the customer demographics to determine new customers
Answer: C
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If Crab Shack Company has a current ratio of 2.5 and current assets of $195,000, the amount of working capital is:
a. $117,000 b. $330,000 c. $380,000 d. $78,000
Department J had no work in process at the beginning of the period, 18,000 units were completed during the period, 2,000 units were 30% completed at the end of the period, and the following manufacturing costs were debited to the departmental work in process account during the period (Assuming the company uses FIFO and rounds average cost per unit to two decimal places): Direct materials (20,000
at $5 ) $ 100,000 Direct labor 142,300 Factory overhead 57,200 Assuming that all direct materials are placed in process at the beginning of production, what is the total cost of the departmental work in process inventory at the end of the period? A) $90,000 B) $283,140 C) $199,500 D) $16,438
Choose the correct word or words in parentheses. Did the Dallas Cowboys (lose, loose) the game?
If a company has excess capacity, which of the following is a sensible bidding strategy?
A. Downplay the potential impact of competitors. B. Base the bid solely on direct labor hours. C. Set a price to cover all costs. D. Allocate common fixed costs to individual jobs before preparing the bid. E. Base the bid on the incremental costs incurred because the job will contribute toward the company's profit.