Answer the following statement(s) true (T) or false (F)
Formal planning can be divided into strategic and nonstrategic.
ANSWER: False
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Personal appearances and dress codes, processes and structures, behaviors and attitudes, and artifacts of the culture, such as awards, myths, and stories are all examples of
a. Observable culture b. Competing culture c. Unobservable culture d. Market culture
Carpark Services began operations in 20X1 and maintains long-term investments in available-for-sale debt securities. The year-end cost and fair values for its portfolio of these investments follow. The year-end adjusting entry to record the unrealized gain/loss at December 31, 20X1 is: Available-for-Sale debt SecuritiesCost Fair ValueDecember 31, 20X1$250,000 $241,000December 31, 20X2$340,000 $337,000December 31, 20X3$410,000 $415,000
A. Debit Unrealized Loss - Equity $9,000; Credit Fair Value Adjustment - Available-for-Sale (LT) $9,000. B. Debit Fair Value Adjustment - Available-for-Sale (LT) $9,000; Credit Unrealized Loss - Equity $9,000. C. Debit Fair Value Adjustment - Available-for-Sale (LT) $9,000; Credit Unrealized Gain - Equity $9,000. D. Debit Unrealized Loss - Income $9,000; Credit Fair Value Adjustment - Available-for-Sale (ST) $9,000. E. Debit Unrealized Gain- Equity $9,000; Credit Fair Value Adjustment - Available-for-Sale (LT) $9,000.
Michard Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations:a.The budgeted selling price per unit is $125. Budgeted unit sales for April, May, June, and July are 7,600, 10,500, 13,800, and 12,900 units, respectively. All sales are on credit. b.Regarding credit sales, 20% are collected in the month of the sale and 80% in the following month. c.The ending finished goods inventory equals 20% of the following month's sales. d.The ending raw materials inventory equals 30% of the following month's raw materials production needs. Each unit of finished goods requires 4 pounds of raw materials. The raw materials cost $2.00 per pound. e.Regarding raw materials purchases, 30% are paid for in the month
of purchase and 70% in the following month. f.The direct labor wage rate is $25.00 per hour. Each unit of finished goods requires 3.0 direct labor-hours. g.The variable selling and administrative expense per unit sold is $3.40. The fixed selling and administrative expense per month is $80,000. The estimated selling and administrative expense for May is closest to: A. $35,700 B. $115,700 C. $77,130 D. $80,000
A nonparametric method to compare two populations, when the samples are matched pairs and the data are quantitative where the normality requirement necessary to perform the parametric test is unsatisfied, is the:
a. the Wilcoxon rank sum test. b. the Friedman test. c. the Kruskal-Wallis test. d. the Matched pairs t-test. e. the Wilcoxon signed rank test.