You are interested in conducting a survey of your employees, but you want to ensure that men and women are appropriately represented in your sample. In your organization, 70% of your employees are women and 30% are men. If you used stratified random sampling appropriately, how many men and women would be in your sample of 150 employees?
105 women, 45 men
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The major risk exposures associated with the receiving department include all of the following except
a. goods are accepted without a physical count b. there is no inspection for goods damaged in shipment c. inventories are not secured on the receiving dock d. the audit trail is destroyed
President/CEO to her Controller: "On the golf course yesterday I overheard John Jeffers, the CEO for Octal, say that the problem with many manufacturing companies today is their antiquated manufacturing cost accounting systems. It appears to me that our
cost accounting system has served us well as our company has grown and should continue to serve us well as we move into JIT production with our new flexible manufacturing system." As the Controller, respond to the President/CEO.
Sarah, a RealPlan sales representative, recently sold a software package to Mario, the owner of a small business. How can Sarah most likely create value for Mario now that the sale is complete?
A) sending Mario product brochures B) becoming personal friends with Mario C) continuing to contact Mario to ask for referrals D) providing additional software training to Mario E) explaining the many software benefits to Mario
Dotterel Corporation uses the variable cost concept of product pricing. Below is cost information for the production and sale of 35,000 units of its sole product. Dotterel desires a profit equal to a 11.2% rate of return on invested assets of $350,000. Fixed factory overhead cost $105,000 Fixed selling and administrative costs 35,000 Variable direct materials cost per unit 4.34 Variable direct
labor cost per unit 5.18 Variable factory overhead cost per unit .98 Variable selling and administrative cost per unit .70 The dollar amount of desired profit from the production and sale of the company's product is: A) $89,600 B) $39,200 C) $70,000 D) $84,000