Methods that ignore present value in capital investment analysis include the average rate of return method
Indicate whether the statement is true or false
True
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Which of the following is not a characteristic of a process cost system?
A) Manufacturing costs are grouped by departments. B) The system may use several Work-in-Process accounts. C) The system measures costs for each completed job. D) The system allocates costs between completed and partially completed units within a department.
In ideal situations, the goal of communication is to:?
A) ?reach mutual understanding. B) ?give constructive criticism. C) ?provide valuable feedback. D) ?commend others.
Effective presentations should contain deliberate repetition of ideas
Indicate whether the statement is true or false
Strods Company reported the following purchases and sales of its only product. Strods uses a periodic inventory system. Determine the cost assigned to the ending inventory using FIFO.DateActivitiesUnits Acquired at CostUnits Sold at RetailMay 1Beginning Inventory160 units @ $11 5Purchase225 units @ $13 10Sales 145 units @ $2115Purchase105 units @ $14 24Sales 95 units @ $22
A. $3215 B. $2800 C. $6155 D. $2940 E. $3355