Production estimates for July are as follows: Estimated inventory (units), July 1 8,500 Desired inventory (units), July 31 10,500 Expected sales volume (units), July 76,000 For each unit produced, the direct materials requirements are as follows: Direct material A ($5 per lb.) 3 lbs. Direct material B ($18 per lb.) 1/2 lb. The number of pounds of materials A and B required for July production is:
A) 216,000 lbs. of A; 36,000 lbs. of B
B) 216,000 lbs. of A; 72,000 lbs. of B
C) 234,000 lbs. of A; 39,000 lbs. of B
D) 225,000 lbs. of A; 37,500 lbs. of B
C
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Chow Company sold a car for $18,100. The cost of the car was $37,500 and an accumulated depreciation of $20,400 had been recorded on the same. The entry to record the disposal of the car is:
A) Accumulated Depreciation-Automobile 20,400 Cash 18,100Automobile 37,500Gain on Sale of Automobile 1,000 B) Accumulated Depreciation-Automobile 37,500 Automobile 37,500 C) Accumulated Depreciation-Automobile 20,400 Automobile 20,400 D) Automobile 37,500 Cash 37,500
Which statement best describes a charismatic leader?
a. a type of leader who creates an image of the organization in the future that provides direction for setting goals and developing strategic plans b. a type of leader that inspires loyalty, enthusiasm, and high levels of performance c. a type of leader who brings about continuous learning, innovation, and change d. a type of leader who develops open, honest, trusting relationships
Which of the following strategies do organizations leverage the most to achieve their brand
objectives through a new market segment approach? A) perceived quality B) brand loyalty C) proprietary brand assets D) brand associations
Which of the following would not be an example of a fixed cost?
A) cost to lubricate factory machinery B) factory supervisor's salary C) rent on factory building D) advertising costs