______ is the company’s value after it receives a round of financing.
a. Post-money valuation
b. Seed money valuation
c. Pre-money valuation
d. Startup valuation
a. Post-money valuation
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At the end of 2013, Mirror Productions determined that one of its copyrights was worthless. The copyright had a cost of $320,000 . The copyright had been amortized for 8 years of its estimated 25-year legal life. Which of the following statements is the justification for removing the remaining cost of the copyright from the accounting records?
a. The copyright no longer represents a future benefit to the company. b. The federal government does not allow copyrights to be recorded as assets once they are deemed worthless. c. The cost of the copyright represents an obligation to return capital contributions to the stockholders. d. The cost of the copyright has usefulness that will impact the net income of future accounting periods.
For work done during June, Prints Company incurred direct materials costs of $150,000 and conversion costs of $225,000. The company employs a traditional operating philosophy. At the end of August, it was determined that the Work in Process Inventory account had been assigned $2,000 of costs, and the ending balance of the Finished Goods Inventory account was $5,000. There were no beginning
inventory balances. Using the information provided for Prints Company, how much was cost of goods manufactured during June? A) $375,000 B) $373,000 C) $370,000 D) $377,000
Samuel is a manager at XYZ companies. He and the other managers expect their employees to fulfill the requirements of their position. Samuel and the other managers are expecting employees to do what type of role?
a. job role b. task role c. self-interest role d. maintenance role
Define lean management.
What will be an ideal response?