A manufacturer of cedar shingles has supplied the following data: Bundles of cedar shakes produced and sold 360,000Sales revenue$2,412,000Variable manufacturing expense$1,170,000Fixed manufacturing expense$714,000Variable selling and administrative expense$414,000Fixed selling and administrative expense$82,000Net operating income$32,000 The company's degree of operating leverage is closest to:
A. 75.38
B. 25.88
C. 11.25
D. 1.99
Answer: B
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Which of the following statements is true?
a. If a debit entry is made to an account in the general journal, the same account will receive a credit entry when the amount is posted to the general ledger. b. If all transactions are correctly posted to the general ledger, the sum of the accounts with debit balances should be equal to the sum of the accounts with credit balances. c. Posting occurs when numbers in the general ledger accounts are transferred to the general journal. d. If the sum of the debit balances equals the sum of the credit balances then there were no mistakes made in the posting process.
Managing inventory turnover involves balancing which of the following consideration(s) in setting the optimum level of inventory and, thus, the rate of inventory turnover?
a. For a given amount of gross margin on the goods, firms prefer to sell as many goods as possible with a minimum of assets tied up in inventories. b. An increase in the rate of inventory turnover between periods indicates reduced costs of financing the investment in inventory. c. Management does not want to have so little inventory on hand that shortages result in lost sales. d. Increases in the rate of inventory turnover caused by inventory shortages could signal a loss of customers. e. All of the above.
Answer the following statement(s) true (T) or false (F)
1. Because of the clear differences between emotions and moods, they do not influence each other. 2. Emotions are usually intense and moods are more generalized. 3. Researchers have found that negative emotions tend to spread more quickly than positive emotions, which can affect morale, productivity, and motivation in a work environment. 4. There are 2 types of antecedent-focused strategies within emotional regulation.
If the standard deviation is 6.5, the Z value is 1.5, and the expected date of completion is 15 weeks, then the due date for project completion is ______.
a. 24.75 weeks b. 22.75 weeks c. 29.75 weeks d. 14.75 weeks