____________________ questions are specific and concrete, and generally seek a "yes" or "no" answer.
Fill in the blank(s) with the appropriate word(s).
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When getting bad news from people of other cultures, how can you be sure of the message?
A) Listen carefully to what is said, and what is not said B) Ask them to put the response in writing C) Repeat their responses back to them D) Ask for direct, specific responses E) Assume the news is good unless there is a clear indication otherwise.
Serie Inc. reported the following results from last year's operations: Sales$16,800,000Variable expenses 10,640,000Contribution margin 6,160,000Fixed expenses 5,488,000Net operating income$ 672,000Average operating assets$7,000,000At the beginning of this year, the company has a $2,100,000 investment opportunity with the following characteristics: Sales$2,520,000 Contribution margin ratio 50% of salesFixed expenses$1,108,800 The margin for this year's investment opportunity considered alone is closest to:
A. 44.0% B. 6.0% C. 56.0% D. 50.0%
Warner Company has budgeted fixed overhead of $225,000 based on budgeted production of 7,500 units. During October, 7,200 units were produced and $236,400 was spent on fixed overhead. What is the fixed overhead spending variance?
A. $20,400 favorable B. $20,400 unfavorable C. $9,000 unfavorable D. $11,400 unfavorable
Boney Corporation processes sugar beets that it purchases from farmers. Sugar beets are processed in batches. A batch of sugar beets costs $48 to buy from farmers and $13 to crush in the company's plant. Two intermediate products, beet fiber and beet juice, emerge from the crushing process. The beet fiber can be sold as is for $18 or processed further for $17 to make the end product industrial fiber that is sold for $56. The beet juice can be sold as is for $39 or processed further for $21 to make the end product refined sugar that is sold for $56.What is the financial advantage (disadvantage) for the company from processing the intermediate product beet juice into refined sugar rather than selling it as is?
A. $(67) B. $(19) C. $(35) D. $(4)