| B) | the applied overhead cost was greater than the actual overhead cost. | C) | the estimated overhead cost was less than the actual overhead cost. | D) | the estimated overhead cost was less than the applied overhead cost. | 2. | Departmental overhead rates are generally preferred to plant-wide overhead rates when: | A) | the activities of the various departments in the plant are not homogeneous.
Winston has $10 billion in total assets. Its balance sheet shows $1 billion in current liabilities, $3 billion in long-term debt, and $6 billion in common equity. It has 800 million shares of common stock outstanding. What is Winston’s market/book ratio? Ans: Book value per share = Common Equity / Shares outstanding = $ 6 billion / 800 million shares Book value per share = 6000/800 = $ 7.5 per share Market Price per share = $ 75 per share Winston’s market/book ratio = Market Price per share/ Book value per share Winston’s market/book ratio = 75/7.5 = 10 (3-4) Price/Earnings Ratio A company has an EPS of $1.50, a cash flow per share of $3.00, and a price/cash flow ratio of 8.0.
d. Materials provide the current staffing level. 7. Question N013 (2.0 points) A sales and operations plan for a manufacturing firm that centers on manufacturing rates and inventory holdings is: a. a staffing plan. b. a production plan. c. an operations plan.
most common form of organization reduced legal liability for investors lower taxes harder to transfer ownership 4. Serox stock was selling for $20 two years ago. The stock sold for $25 one year ago, and it is currently selling for $28. Serox pays a $1.10 dividend per year. What was the rate of return for owning Serox in the most recent year?
Week 4 : ABC and Budgeting - Midterm March 29, 2013 1. (TCO A) Wages paid to an assembly line worker in a factory are a (Points : 6) | Prime Cost YES.....Conversion Cost NO. Prime Cost YES.....Conversion Cost YES. Prime Cost NO....Conversion Cost NO. Prime Cost NO.....Conversion Cost YES.
Winston has $10 billion in total assets. Its balance sheet shows $1 billion in current liabilities, $3 billion in long-term debt, and $6 billion in common equity. It has 800 million shares of common stock outstanding. What is Winston’s market/book ratio? M/B= Market price per share/ Book value per share Market price per share = $75/ share Book value per share= Common equity/ shares outstanding = $6 billion/ 800 million shares = $6 billion/ .8 billion shares= 7.5 M/B = $75/ 7.5 = 10 (3-4) Price/Earnings Ratio: A company has an EPS of $1.50, a cash flow per share of $3.00, and a price/cash flow ratio of 8.0.
c. What volume is required to provide a pretax profit of $100,000? A pretax profit of $200,000? d. Sketch out a CVP analysis graph depicting the base case situation. e. Now assume that the practice contracts with one HMO, and the plan proposes a 20 percent discount from charges. Redo questions a, b, c, and d under these conditions.
Office furniture includes $2,500 for an Indian rug for the office purchased on November 15. The total cost of the rug was $10,000. The business paid $2,500 in cash and issued a note payable to Jana Carpet for
a.|auditing existing data| b.|collecting and recording data| c.|providing information to users| d.|analyzing and managing data| ANS: A PTS: 1 DIF: Moderate OBJ: 1-1 NAT: AACSB Reflective 3. In an accounting information system, the inputs are usually a.|financial statements.| b.|analyzing data.| c.|performance reports.| d.|economic events.| ANS: D PTS: 1 DIF: Easy OBJ: 1-1 NAT: AACSB Reflective 4. _______________ is devoted to providing information for external users. a.|Management accounting| b.|Financial accounting| c.|Internal accounting| d.|Cost accounting| ANS: B PTS: 1 DIF: Easy OBJ: 1-1 NAT: AACSB Communication 5. Financial accounting information is used for a.|investment decisions.| b.|regulatory measures.| c.|stewardship evaluation.| d.|all of these.| ANS: D PTS: 1 DIF: Easy OBJ: 1-1 NAT: AACSB Communication 6.