Production and sales estimates for March for the Robin Co are as follows: Estimated inventory (units), March 1 18,000 Desired inventory (unit), March 31 20,300 Expected sales volume (units): Area M 7,000 Area L 8,000 Area O 9,000 Unit sales price $15 The number of units expected to be manufactured in March is:
A) 22,000
B) 1,800
C) 26,300
D) 21,700
C
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Which of the following best describes “comprehensive income”?
a. Comprehensive income is the amount resulting from the deduction from revenues, or from operating revenues, of cost of goods sold, other expenses, and losses. b. Comprehensive income is the excess (deficit) of revenue over expenses for an accounting period. c. Comprehensive income is the change in equity of an entity during a period of transactions and other events and circumstances, from non-owner sources. d. Comprehensive income is the change in equity of an entity during a period of transactions and other events and circumstances, from owner and non-owner sources.
A company's strategic options for remedying cost disadvantages in internally performed value chain activities do not include
A. switching to activity-based costing. B. revamping its value chain to eliminate or bypass some cost-producing activities (particularly low value-added activities). C. investing in productivity-enhancing, cost-saving technological improvements. D. outsourcing the performance of high-cost activities to vendors that can perform them more cheaply. E. implementing the use of best practices, particularly for high-cost activities.
Acceptable quality level can be defined as the:
A) quality level desired by the consumer. B) worst quality level the consumer can tolerate. C) probability of rejecting a good lot (i.e., when a lot is, in fact, acceptable to the consumer). D) probability of accepting a bad lot (i.e., when a lot is, in fact, not acceptable to the consumer).
Administrative law judges are appointed by the President and confirmed by the Senate just as are judges in the U.S. District Court
Indicate whether the statement is true or false