In order to be compliant, a mail system must include all five of the
additional MIME headers.
Indicate whether the statement is true or false
F
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Ellis Retail is considering an investment in a delivery truck. Ellis has found a used truck that he can purchase for $8,000 . He estimates the truck would last six years and increase his store's net cash revenues by $2,000 per year. At the end of six years, the truck would have no salvage value and would be discarded. Ellis will depreciate the truck using the straight-line method. Refer to Ellis
Retail. What is the accounting rate of return on the truck investment (based on average profit and average investment)? a. 25.0% b. 50.0% c. 16.7% d. 8.3%
Ting Company started the accounting period with the following beginning balances: Raw Materials Inventory, $21,000; Work in Process Inventory, $45,000; and Finished Goods Inventory, $10,000. During the accounting period, the company purchased $30,000 of raw materials and ended the period with $8,000 in raw material inventory. Direct labor costs for the period were $60,000 and $63,000 of manufacturing overhead costs was allocated to work in process. Ending work in process was $41,000 and ending finished goods was $17,500. Goods were sold during the period for $162,500. The amount of cost of goods manufactured (i.e., amount transferred from work in process to finished goods) would be:
A. $170,000. B. $221,000. C. $166,000. D. $117,500.
In the ABC Inventory Classification approach, Class A items account for approximately what percentage of items?
a. 10% b. 20% c. 50% d. 80%
To determine a product selling price based on the total cost method, management should include:
A. Total production and nonproduction costs plus a markup. B. Total nonproduction costs plus a markup. C. Only a markup. D. Total production costs plus a markup. E. Total production and nonproduction costs only.