Marst Corporation's budgeted production in units and budgeted raw materials purchases over the next three months are given below:Â JanuaryFebruaryMarchBudgeted production (in units)70,000?80,000Budgeted raw materials purchases (in pounds)142,400151,600158,800?Two pounds of raw materials are required to produce one unit of product. The company wants raw materials on hand at the end of each month equal to 30% of the following month's production needs. The company is expected to have 42,000 pounds of raw materials on hand on January 1. Budgeted production for February should be:
A. 80,600 units
B. 80,000 units
C. 103,400 units
D. 74,000 units
Answer: D
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Cleary, Wasser, and Nolan formed a partnership on January 1, 2017, and made capital contributions of $100,000 (Cleary), $150,000 (Wasser), and $200,000 (Nolan), respectively. With respect to the division of income, they agreed to the following: (1) interest of an amount equal to 10% of the that partner's beginning capital balance for the year; (2) annual compensation of $10,000 to Wasser; and (3) the remainder of the income or loss to be split among the partners in the following percentages: (a) 20% for Cleary; (b) 40% for Wasser; and (c) 40% for Nolan. Net income was $150,000 in 2017 and $180,000 in 2018. Each partner withdrew $1,000 for personal use every month during 2017 and 2018.What was Cleary's total share of net income for 2017?
A. $58,000. B. $63,000. C. $29,000. D. $53,000. E. $51,000.
If a company's leaders reject a communications budgeting method because it would take too long to prepare, odds are the budgeting method is:
A) percentage of sales B) meet the competition C) what we can afford D) objective and task
Manuel has a good sense of who he is and is confident that what he does and how he responds to situations will help him achieve his goals. Manuel has ______.
A. external locus of control B. need for affiliation C. internal locus of control D. authoritarian disposition
Which of the following appraisal methods is best suited for measuring the relative performance of employees in a group?
A. Forced-choice approach B. Essay appraisal C. Paired-comparison approach D. Critical-incident appraisal