Chairman Cat Products produces cat trees that are sold by several large pet stores. They sold 190, 210, and 208 cat trees in January, February, and March, respectively. Assuming that the first forecast value (for January) is set to 190, what is the exponential smoothing forecast for April? Assume a smoothing constant value of 0.4.
a. 190
b. 198
c. 202
d. Cannot be determined from the information given
c. 202
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Answer the following statements true (T) or false (F)
1. The Work-in-Process Inventory account of a department is credited when overallocation of manufacturing overhead occurs in that department. Process costing is used. 2. A predetermined overhead allocation rate is used to allocate direct materials costs to various processes or departments. Process costing is used. 3. The adjusting entry for overallocated or underallocated manufacturing overhead is usually prepared at the beginning of the accounting period. Process costing is used. 4. The production cost report for Department 1 shows that $159,000 was assigned to the 38,000 units transferred to Department 2. This transfer cost assigned to units transferred to Department 2 is recorded with a debit to Work-in-Process—Department 1. Process costing is used 5. The production cost report for Department 1 shows that $154,000 was assigned to the 36,000 units transferred to Department 2. This transfer cost assigned to units transferred to Department 2 is recorded with a debit to Work-in-Process—Department 2. Process costing is used.
If bonds are issued at a premium, the face interest rate is
A) lower than the market rate of interest. B) higher than the market rate of interest. C) too low to attract investors. D) adjusted to a higher effective rate of interest.
Determining net cash flows from operating activities using the indirect method reveals cash collected from customers
Indicate whether the statement is true or false
On November 10, Linden Co split its stock 5-for-2 when the market value was $55 per share. Prior to the split, Linden had 300,000 shares of $15 par value stock. After the split, the par value of the stock was
a. $3. b. $6. c. $15. d. $26.