The doomsday ratio includes both cash and cash equivalents in the numerator
Indicate whether the statement is true or false
True
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Confidence intervals around sample means or proportions are estimated using the variance formula
Indicate whether the statement is true or false
The use of the cost price approach when setting transfer prices
a. should not be used when profit and/or investment centers are involved in the transfer. b. requires only fixed costs be used in setting the transfer price. c. uses only budgeted costs. d. will motivate the division manager to make intracompany product transfers.
Which of the following would be identified as a social force in an environmental scan?
A. a new consumer protection law B. a new international firm exports to the United States C. an increase in Asian immigration D. an advanced technology is perfected E. a decrease in consumer incomes
Merati Corporation has two manufacturing departments--Forming and Assembly. The company used the following data at the beginning of the year to calculate predetermined overhead rates: FormingAssemblyTotalEstimated total machine-hours (MHs) 5,000 5,000 10,000Estimated total fixed manufacturing overhead cost$28,000$10,500$38,500Estimated variable manufacturing overhead cost per MH$1.80$2.60 During the most recent month, the company started and completed two jobs--Job B and Job L. There were no beginning inventories. Data concerning those two jobs follow: Job AJob LForming machine-hours 3,400 1,600Assembly machine-hours 2,000 3,000Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. The
departmental predetermined overhead rate in the Forming Department is closest to: A. $7.40 B. $1.80 C. $6.05 D. $5.60