Which of the following is true regarding markups and turnover?
A. Items sold at low markups (e.g., 20 percent) cannot be profitable.
B. Depending on the industry, a stockturn rate of 1 or 2 may be quite profitable.
C. Speeding turnover usually decreases profits.
D. High markups usually lead to high profits.
E. All these answers are correct.
Answer: B
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When you're preparing an introductory statement for your résumé, using a ________ can limit your consideration for interesting opportunities
A) career objective B) qualifications summary C) personality profile D) career summary E) skills summary
Under ________, the market consists of a few large sellers who are highly sensitive to each other's pricing and marketing strategies
A) pure competition B) monopolistic competition C) oligopolistic competition D) a pure monopoly E) pure monopsony
Richards Corporation uses the weighted-average method of process costing. The following information is available for October in its Fabricating Department: Units:Beginning Inventory: 80,000 units, 60% complete as to materials and 20% complete as to conversion.Units started and completed: 250,000.Units completed and transferred out: 330,000.Ending Inventory: 30,000 units, 40% complete as to materials and 10% complete as to conversion. Costs:Costs in beginning Work in Process - Direct Materials: $37,200.Costs in beginning Work in Process - Conversion: $79,700.Costs incurred in October - Direct Materials: $646,800.Costs incurred in October - Conversion: $919,300. Calculate the cost per equivalent unit of materials.
A. $2.59 B. $2.20 C. $2.33 D. $2.00 E. $1.89
An informal writing style includes A) contractions (for example, wouldn't, don't, they're)
B) second-person pronouns (for example, you and your). C) mainly passive-voice verbs. D) longer sentences.