The final step in the planning process is to ensure that objectives will be achieved in the required time, using the funds and resources requested. This is called:
a. action plans
b. tactics
c. marketing control
d. corporate connection
c. marketing control
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Presley Products Inc is a manufacturer of limited edition dolls. They use operations costing to measure and track the costs incurred for specific product lines. While most of the products do require some machine time, Presley has determined that direct labor hours drive its manufacturing overhead costs. During the month of April, the following data were available for a particular line of dolls:
Direct labor 3,000 hours at $10 per hour Direct materials 4,000 pounds at $2 per pound If total overhead costs during the month totaled $25,000 when a total of 50,000 direct labor hours were worked, what will be the total manufacturing cost for this line of dolls? A) $40,500 B) $44,000 C) $63,000 D) $39,500
On November 1, Alan Company signed a 120-day, 8% note payable, with a face value of $9,000. What is the adjusting entry for the accrued interest at December 31 on the note? (Use 360 days a year.)
A. Debit Interest Expense, $720; credit Interest Payable, $720. B. Debit Interest Payable, $120; credit Interest Expense, $120. C. No adjusting entry is required. D. Debit Interest Payable, $240; credit Interest Expense, $240. E. Debit Interest Expense, $120; credit Interest Payable, $120.
A hypothetical futures contract on a nondividend-paying stock with a current spot price of $100 has a maturity of 4 years. If the T-bill rate is 7%, what should the futures price be?
A. $76.29 B. $93.46 C. $107 D. $131.08
This type of validity is a subjective assessment of how well a test or items on a test SEEM to be related to the requirements of the job
What will be an ideal response?