A bill of material whose purpose is to simplify forecasting, master production scheduling and
material requirements planning is called:
A) multi-purpose bill.
B) a summarized parts list.
C) structured bill.
D) planning bill.
E) where-used bill.
D
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The ratio of quick assets to current liabilities is called the ____________________ or ____________________
Fill in the blank(s) with correct word
Anderson Co makes and uses 5,000 components each year in its manufacturing operations. An outside supplier has offered to supply the components to Anderson at $66 per unit. Anderson's production costs are as follows: Direct materials $ 8 Direct labor 32 Variable overhead 12 Fixed overhead (based on normal capacity) 34 If Anderson accepts the order, $8 of fixed overhead per unit will be
eliminated. If the offer is accepted, operating income will a. increase by $100,000. b. decrease by $70,000. c. decrease by $30,000. d. increase by $60,000.
A variable costing income statement focuses attention on the relationship between costs and sales that is not evident from the absorption costing format.
Answer the following statement true (T) or false (F)
An investor just purchased a 10-year, $1,000 par value bond. The coupon rate on this bond is 8 percent annually, with interest being paid every six months. If the investor expects to earn a 10 percent simple rate of return on this bond, how much should the investor pay for it?
A. $1,122.87 B. $1,003.42 C. $875.38 D. $950.75 E. $877.11