Methods that ignore present value in capital investment analysis include the internal rate of return method
Indicate whether the statement is true or false
False
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In a decentralized organization, more of the decisions are made by the
A. department heads and regional managers. B. lower levels of the organization. C. board of directors and stockholders. D. chief executive officer and president. E. upper levels of the organization.
Objectives for a pay plan
a. are not needed in a performance-based plan. b. must be stated for a performance-based plan to work. c. are essential for a periodic compensation plan to be successful. d. are unnecessary for a merit pay plan.
Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $198,000 of raw materials on credit; issued materials to production of $195,000 of which $30,000 were indirect. Minstrel incurred a factory payroll of $150,000, of which $40,000 was indirect labor. Minstrel uses a predetermined overhead rate of 150% of direct labor cost. The journal entry to record the purchase of materials is:
A. Debit Work in Process Inventory $195,000; credit Raw Materials Inventory $195,000. B. Debit Raw Materials Inventory $198,000; credit Accounts Payable $198,000. C. Debit Raw Materials Inventory $198,000; credit Work in Process Inventory $198,000. D. Debit Raw Materials Inventory $198,000; credit Finished Goods Inventory $198,000. E. Debit Work in Process Inventory $198,000; credit Accounts Payable $198,000.
Iterations are short time frames (time boxes) that typically last from ________.
A. 1-4 days B. 1-4 weeks C. 1-2 weeks D. 4-7 weeks E. 7-12 weeks