Which of the following ratios is the best measure in analyzing a company's ability to pay interest on long-term debt and to repay the long-term debt over several years?
a. Debt-to-equity ratio
b. Times interest earned ratio
c. Debt service coverage ratio
d. Acid-test ratio
c
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In a _____, the old system is discarded and the new one takes over the entire business operation for which it was developed.
Fill in the blank(s) with the appropriate word(s).
Garrison Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work-in-process inventory: Units in beginning work-in-process inventory 600 Materials costs$6,600 Conversion costs$2,700 Percent complete with respect to materials 60%Percent complete with respect to conversion 10%Units started into production during the month 7,000 Materials costs added during the month$102,200 Conversion costs added during the month$259,200 Ending work-in-process inventory: Units in ending work-in-process inventory 1,500 Percent complete with respect to materials 55%Percent complete with respect to conversion 10%The cost per equivalent unit for conversion costs for the
first department for the month is closest to: (Round your answer to 2 decimal places.) A. $43.96. B. $41.87. C. $42.49. D. $45.00.
According to the case on Meg Whitman, former CEO of eBay, eBay
a. added transparency to the buying and selling process b. profited by reducing transparency and thus taking advantage of sellers’ greater ignorance c. profited by reducing transparency and thus taking advantage of buyers’ greater ignorance d. transparency has no effect on business profits or on how customers use eBay, but she believes in being transparent for ethical reasons anyway
All of the following are functions of packaging EXCEPT:
A. contain and protect the product B. guarantee product quality C. facilitate recycling and reduce environmental damage D. promote the product E. facilitate product storage, use, and convenience