The accounts of Melissa Manufacturing showed the following balances at the beginning of December:
What should be the balance in the Work-in-Process Inventory following these transactions?
A) $124,000
B) $87,000
C) $75,000
D) $86,000
A) $124,000
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The receivable turnover is expressed in terms of
a. times. b. days. c. a percentage. d. dollars.
If William earns a 10 percent return and Kate earns a 7 percent return on investments with the same risk, the additional 3 percent return on William's investment is a(n) _____.
A. risk adjusted return B. justified return C. abnormal return D. efficient return E. premium return
Which of the following examples best demonstrates a company's appreciation of another country's values?
A. Vogue Italia publishing a feature with a model wearing "slave earrings," which it said were "worn by women of color during the slave trade." B. Bath products are advertised by portraying intimate scenes between husbands and wives in countries where personal privacy is important. C. McDonald's restaurants in India serve a full line of products except for hamburgers made from beef. D. In Brazil, American companies are extremely careful to keep to a strict agenda and time schedule, even though an informal structure is preferred. E. American companies in Germany encouraging the use of all types of credit cards.
Pedro ordered a custom-made suit from Rooks & Sons to be delivered by Friday at 5 p.m. When it is delivered to his office on Friday afternoon, he is in conference with a client. His secretary hangs the suit in the office closet. When Pedro tries on the suit Saturday evening, he discovers that the pants are cuffed. He had ordered cuffless trousers, so he called Rooks & Sons on Monday and informed
them that he was returning the suit. What can he do? A) He cannot revoke acceptance since the cuffs are not difficult to discover. B) He can revoke acceptance because the cuffs substantially impair the value of the goods to him. C) He can reject the goods since he had not yet accepted them prior to inspection. D) He cannot reject the goods because the cuffs are curable.