Which of the following is NOT an advantage of technology?
A) streamlines businesses
B) cuts costs
C) fosters a more personal work environment
D) helps employees work more efficiently
E) keeps a company well-connected
C
Explanation: C) Although technology can help streamline businesses, cut costs, keep the company well-connected, and increase employee productivity, technology does not contribute to a more personal work environment.
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Gaba Corporation uses the FIFO method in its process costing system. The Grinding Department started the month with 17,000 units in its beginning work in process inventory that were 60% complete with respect to conversion costs. An additional 60,000 units were transferred in from the prior department during the month to begin processing in the Grinding Department. During the month 70,000 units were completed in the Grinding Department and transferred to the next processing department. There were 7,000 units in the ending work in process inventory of the Grinding Department that were 10% complete with respect to conversion costs. What were the equivalent units of production for conversion costs in the Grinding Department for the month?
A. 70,000 B. 50,000 C. 60,500 D. 70,700
Why is it necessary to separate a mixed cost into its variable and fixed components?
The reason why reinvested earnings have a cost equal to rs is because investors think they can (i.e., expect to) earn rs on investments with the same risk as the firm's common stock, and if the firm does not think that it can earn rs on the earnings that it retains, it should distribute those earnings to its investors. Thus, the cost of reinvested earnings is based on the opportunity cost principle.
Answer the following statement true (T) or false (F)
Which sentence expresses numbers correctly?
A) All customers have a 10-day grace period for late loan payments. B) If you pay in cash, you can receive a two percent discount. C) Our company offers a generous ninety-day return policy on all merchandise.