In which of the following areas is an unstructured decision often used?
A) Introducing a new product
B) Capital acquisition analysis
C) Record keeping
D) Simple inventory problems
Ans: A) Introducing a new product
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When a company shifts from a traditional cost system in which manufacturing overhead is applied based on direct labor-hours to an activity-based costing system with batch-level and product-level costs, the unit product costs of high volume products typically decrease whereas the unit product costs of low volume products typically increase.
Answer the following statement true (T) or false (F)
Excerpts from Stealth Company's December 31, 2021 and 2020, financial statements are presented below: 2021 2020 Accounts receivable$40,000 $36,000 Inventory 28,000 35,000 Net sales 190,000 186,000 Cost of goods sold 114,000 108,000 Total assets 425,000 405,000 Total stockholders' equity 240,000 225,000 Net income 32,500 28,000 Stealth Company's 2021 debt to equity ratio is: (Round your answer to 1 decimal place.)
A. 77.1%. B. 80.0%. C. 60.0%. D. 40.0%.
What is the term for the amount a firm will pay shareholders, based on the size of their investment in the company?
A) Leverage per share B) Earnings per share C) Solvency return D) Current ration return E) Profitability ratio
When certain customers made cash payments to reduce their accounts receivable, the bookkeeper embezzled the cash and wrote off the accounts as uncollectible. Which control procedure would most likely prevent this irregularity?
A. segregation of duties B. accounting records C. accounting system D. access controls