Jet Products had no units in process at the beginning of the year. Jet uses process costing and has calculated 47,000 total equivalent units completed during the year. If there were 53,000 units started in the current period and 10,000 units in ending work-in-process, what percentage complete were the ending inventory units?
A) 50%
B) 60%
C) 40%
D) 22%
C
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If three employees are each paid $3,000 per month, regardless of how many hours they work, their earnings are usually referred to as salaries
Indicate whether the statement is true or false
Tom purchased Hampton Industries Inc. stock for $14.65 and sold it 6 months later for $17.38 after receiving a $0.25 dividend. What Tom's holding period return (HPR), Annual Percentage Rate (APR), and Effective Annual Rate (EAR)?
A) 20.34%, 40.68%, 9.70% B) 18.63%, 37.27%, 40.74% C) 17.15%, 34.29%, 37.23% D) 20.34%, 40.68%, 44.82%
Unlike bonds or preferred shares, common equity does NOT have any similar "guarantee" of returns. Rather, common stockholders are residual claimants
Indicate whether the statement is true or false
When a retail store such as Macy's offers a one-day promotion for an extra 15 percent off to customers holding a charge account with them, it is attempting to:
A. draw new customers. B. invigorate the sales of a mature brand. C. steady irregular sales patterns. D. boost sales to current customers. E. neutralize competitive promotional efforts.