If the master budget prepared at a volume level of 10,000 units includes direct materials of $40,000, a flexible budget based on a volume of 12,000 units would include direct materials of $48,000.

a. True

b. False

What is the present value of $18,430 to be received 12 years from today if the discount rate is 7.26 percent?

Carla Vista Co. issued $590,000, 10-year, 7% bonds at 101. Prepare the journal entry to record the sale of these bonds on January 1, 2017. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.

C&A uses an assembly line of 20 stations to make a product. The cycle time is 5 minutes per unit. Step 6 is the most error-prone operation. Inspection occurs at the last station.

For calendar year 3, Clark Corp. had depreciation of $300,000 on its income statement. On its Year 3 tax return, Clark had depreciation of $500,000.

Temperature is a measure of a. work b. molecular movement c. chemical energy d. potential energy

Consider an identical basket of goods in both the U. S. and Taiwan. For a given nominal exchange rate, in which case is it certain that the U. S. real exchange rate with Taiwan falls? a. the price of the basket of goods falls in the U. S.

Select all of the following descriptions that are true about market economies. Select all that apply: a. The government decides what methods of production will be used and how much workers will be paid. b.

Ang Electronics, Inc., has developed a new DVDR. If the DVDR is successful, the present value of the payoff (when the product is brought to market) is $33.5 million. If the DVDR fails, the present value of the payoff is $11.5 million.

Thelma is Information Technology Manager. Which of the following is an example of her line functions? O training new employees O voting on the board of directors O launching a new company O following through with an assigned task

DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month Units Month Units January 10,170 March 5,190 February 8,470 April 4,310 Each unit requires 5 pounds of raw materials costing $3 per pound.