Soraya Set Designs Inc., has received an award which entitles it to receive annual payments of $10,000 at the end of each year for the next ten years. Which of the following tables is used to calculate today's value of this award?
A) Present Value of $1
B) Present Value of an Ordinary Annuity of $1
C) Future Value of $1
D) Future Value of an Ordinary Annuity of $1
B) Present Value of an Ordinary Annuity of $1
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The following data were taken from the accounting records of the Mixing Department of Kappa Corporation which uses the weighted-average method in its process costing system: Beginning work in process inventory: Cost$19,000 Units 30,000unitsPercent completion with respect to materials 100%Percent completion with respect to conversion 60%Units completed and transferred out 82,000unitsCost per equivalent unit: Material$1.50 Conversion$0.75 The cost of units transferred out was:
A. $145,000 B. $167,500 C. $184,500 D. $149,500
Which of the following is included in lower order needs according to Maslow’s hierarchy of needs?
A. self-actualization B. esteem C. physiological D. social
Kent Co. manufactures a product that sells for $50.00 and has variable costs of $24.00 per unit. Fixed costs are $260,000. Kent can buy a new production machine that will increase fixed costs by $11,400 per year, but will decrease variable costs by $3.50 per unit. Compute the revised break-even point in units if the new machine is purchased.
A. 8,814 units. B. 9,200 units. C. 10,438 units. D. 10,000 units. E. 9,869 units.
Changing circumstances and ongoing managerial efforts to improve the strategy
A. make it very difficult for a company to have concrete strategic objectives. B. are consistent with a planned strategy approach. C. explain why a company's strategic vision undergoes almost constant change. D. account for why a company's strategy evolves over time. E. make it very hard to know what a company's strategy really is.