According to Young, a business venture is worth pursuing if it ______.
A. supports the mission
B. offers a potential to break even
C. helps build a body of political support
D. just a few organizational members oppose the venture
A. supports the mission
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Jackson has a loan that requires a $17,600 lump sum payment at the end of four years. The interest rate on the loan is 5%, compounded annually. How much did Jackson borrow today? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from
the tables provided.) A. $15,884 B. $14,480 C. $11,910 D. $14,080 E. $16,720
Which of the following is not a downside of portfolio models used to assist a firm in balancing its portfolio of businesses?
A. Portfolio models rely on loose rules regarding resource allocation across the SBUs. B. Portfolio models view each SBU as a stand-alone entity. C. Portfolio models compare SBUs on only two dimensions under the assumption that these are the only factors that matter. D. The evaluation process risks becoming mechanical and oversimplified.
Each month the billing department of Phoenix Enterprises processes an average of 51 orders from customers at a cost of about $612 (in salaries and supplies). What is the average cost per order for this department (to the nearest dollar amount)?
A. $6 B. $8 C. $12 D. $10 E. $4
Dancel Corporation has two production departments, Milling and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Milling Department's predetermined overhead rate is based on machine-hours and the Finishing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates:??MillingFinishing?Machine-hours17,00014,000?Direct labor-hours1,0006,000?Total fixed manufacturing overhead cost$91,800$64,200?Variable manufacturing overhead per machine-hour$2.00??Variable manufacturing overhead per direct labor-hour?$3.40During the current month the company started and finished Job M565. The following data were
recorded for this job:?Job M565:MillingFinishing?Machine-hours7020?Direct labor-hours1040?Direct materials$750$360?Direct labor cost$340$1,360Required:a. Calculate the total amount of overhead applied to Job M565 in both departments.b. Calculate the total job cost for Job M565.c. Calculate the selling price for Job M565 if the company marks up its unit product costs by 20% to determine selling prices. What will be an ideal response?