Refer to the data on Expected Demand for Acme Widgets. For the various demand scenarios and their associated probabilities, the option to do nothing has an expected value of ______.
a. $21.52 million
b. $40.50 million
c. $34.22 million
d. $65.58 million
b. $40.50 million
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You are interrupted while eating some yogurt and you store the remaining yogurt in the refrigerator. A day later you return and find the surface of the yogurt is no longer smooth but has broken into several liquified areas. You correctly guess that enzymes from your saliva, via the spoon, have continued digesting the yogurt in your absence. If you left the yogurt on the counter for another 24 hours, what would happen?
A. The reaction will soon stop because the amount of saliva is small, and you would have to add more saliva to continue the degradation. B. The reaction will continue since the enzymes have plenty of substrate. Additionally, it would speed up since the enzymes are exposed to warmer temperatures. C. The reaction will stop because you have altered the environment and denatured the enzyme. D. The reaction will continue until half is digested and then stop because the reaction between substrate and product will be balanced.
Which of the following represents the overhead applied to a product?
a. Actual Overhead Rate?Estimated Cost Driver Level b. Predetermined Overhead Rate?Actual Cost Driver Level c. Predetermined Overhead Rate?Estimated Cost Driver Level d. Actual Overhead Rate?Actual Cost Driver Level
The board of directors of Lark Corporation declared a cash dividend of $3.50 per share on 57,000 shares of common stock on June 14, 20x5. The dividend is to be paid on July 15, 20x5, to shareholders of record on July 1, 20x5. The effects of the entry to record the declaration of the dividend on June 14, 20x5, are to
A) decrease stockholders' equity and increase liabilities. B) increase stockholders' equity and increase liabilities. C) decrease stockholders' equity and decrease assets. D) increase stockholders' equity and decrease assets.
The sales volume variance is the difference between the ________
A) actual results and the expected results in the flexible budget for the actual units sold B) expected results in the flexible budget for the actual units sold and the static budget C) static budget and actual amounts due to differences in sales price D) flexible budget and static budget due to differences in fixed costs