An increase in accounts receivables is a cash inflow
Indicate whether the statement is true or false
FALSE
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Social capital refers to an individual's knowledge of the "right" behavior used in the realm of the upper class
Indicate whether the statement is true or false
JAX Inc In early 2012, JAX Inc had budgeted for the production and sales of 5,000 units at a sales price of $15 per unit. The following information is available regarding the standard cost for each unit: Direct materials: 1.50 pounds at $2.50 per lb Direct labor: 30 minutes of assembly at $.20 per minute Actual results for 2012 were determined to be as follows: Number of units produced and sold:
5,600 units Sales revenue: $100,800 ($18 per unit) Direct materials cost: $ 22,848 (9,520 lbs purchased and used at $2.40 per lb) Direct labor cost: $ 38,192 (173,600 minutes at $.22 per minute) Refer to the JAX Inc information above. What was JAX Inc's direct materials price variance for 2012? A) $952 F B) $952 U C) $1,120 F D) $1,120 U
Which of the following is not an example of internal financing?
A. Profits B. Credit from suppliers C. Equity financing D. Accounts receivable
A manufacturer of industrial seafood processing equipment wants you to develop an aggregate plan for the four quarters of the upcoming year using the following data on demand and capacity
Quarter Units Regular Time Over- time Sub- contract Initial inventory Regular time cost 250 units $1.25/unit 1 200 400 80 100 Overtime cost $1.50/unit 2 750 400 80 100 Subcontracting cost 2.00/unit 3 1200 800 160 100 Carrying cost $0.50/unit/quarter 4 450 400 80 100 No back ordering is allowed a. Find the optimal plan using the transportation method. b. What is the cost of the plan? c. Does any regular time capacity go unused? How much in what periods? d. What capacity went unused in this solution? (List in detail.)