Thread that is used in the production of mattresses is an indirect material that is therefore classified as manufacturing overhead.

a. True

b. False

Which of the following group is not normally interested in the financial information about a business? a. Debtors b. Creditors c. Owners d. Managers

Purchases in May were $58,000, while expected purchases for June and July are $72,000 and $85,000, respectively. All purchases are paid 40% in the month of purchase and 60% in the following month.

Scientific notations 452

A company is trying to decide whether to keep or drop the organic foods department in its grocery store. If organic foods are dropped, the manager will be laid off.

An Uber driver faces costs for driving that include sunk costs like insurance that contribute to the average cost per mile of $.50.

Tangshan China Company's stock is currently selling for $80.00 per share. The expected dividend one year from now is $4.00 and the required return is 13 percent.

18. What was a major factor in the failure of (mostly) command economies? A. Lack of voting rights B. Lack of the profit motive C. Not enough military spending D. Abundant basic goods

You are saving to buy a $188,000 house. There are two competing banks in your area, both offering certificates of deposit yielding 7.3 percent.

Has the company you're auditing recently increased or decreased their operations due to mergers or sales of parts of the business?

Tom lives in an apartment where he pays $8,000 a year in rent. Sarah lives in a house that could be rented for $10,000 a year. How much do these housing services contribute to GDP?