What is the unit product cost for the year using variable costing?

Hayes Inc. provided the following information for the current year:



A) $98

B) $66

C) $74

D) $96


B) $66

Business

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When a company declares a 2-for-1 stock split,

a. stockholders' equity is doubled. b. there is no effect on total stockholders' equity. c. a shareholder who previously held 100 shares will have 300 shares after the split. d. the price of each share will be one third of what it was before the stock split.

Business

It is likely in the acquisition and payment cycle that audit evidence from substantive analytical procedures alone will be sufficient enough for the auditor

a. True b. False Indicate whether the statement is true or false

Business

Odessa Co. has current assets of $6.38 million and net income of $10.4 million. Current liabilities total $2.9 million, interest expense is $2.4 million, and income tax expense is $3.4 million. What is the times interest earned ratio for this company? (Round your final answer to 2 decimal places.)

A. 6.75. B. 2.20. C. 0.33. D. 0.45.

Business

If the delivery of goods or services used as inputs is uncertain, ______.

A. the company should abandon production of that product for which these goods or services will be used as inputs B. it may encourage suppliers to find more trustworthy vendors C. it is guaranteed to increase production costs D. it makes project completion impossible

Business