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54) Arbor Inc. has gathered the following information about its purchase and use of raw materials for December:   Standard Price (SP) per pound of raw material $15.00 Actual purchase price per pound of raw material $7.00 Standard Quantity Allowed (SQA for actual production (pounds) 1,500 Actual Quantity (AQ) of raw materials purchased (pounds) 1,750   Arbor Inc. uses a standard cost.

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  • 54) Arbor Inc. has gathered the following information about its purchase
  • Accounting
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TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false. 11) The three sections of the Statement of Cash Flows are operating activities, investing activities, and financing activities. 12) The three sections of the Statement of Cash Flows are operating activities, investing activities, and capital activities. MULTIPLE CHOICE..

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  • 11) The three sections of the Statement of Cash Flows are operating activities
  • Accounting
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MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 23) Sunny Corporation has collected the following data for one of its products:   Direct materials standard (3 pounds per unit @ $0.48/lb.) $1.44 per finished good Direct materials flexible budget variance-unfavorable $9,000 Actual Direct Materials Used (AQU) 34,000 pounds Actual finished goods produced 22,000.

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  • 23) Sunny Corporation has collected the following data for one
  • Accounting
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71) The Johnson Corporation reported the following income statement and balance sheet amounts and additional information for the end of the current year.     End of current year End of prior year Net sales revenue (all credit) $805,000   Cost of goods sold $509,000   Gross profit $296,000   Selling/general expenses $183,600   Interest expense $33,000   Net income $79,400   Current assets $ 71,000 $20,000 Long-term assets $329,000 $280,000 Total assets $400,000 $300,000 Current liabilities $ 56,000 $16,000 Long-term.

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  • 71) The Johnson Corporation reported the following income statement
  • Accounting
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MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 28) Companies that are considered price-setters usually employ the _________________ approach to pricing products. A) cost-plus pricing B) percentage pricing C) cost plus one D) target costing 29) Companies that are considered price-takers usually employ the _________________ approach to pricing products. A).

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  • 28) Companies that are considered price-setters usually employ the
  • Accounting
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51) Bookworks Publishing reported the following results for its Textbook Division:   Sales $2,200,000 Operating income $440,000 Total assets $1,100,000 Current liabilities $970,000   Bookworks' target rate of return is 22% and the weighted average cost of capital is 8%. Its effective tax rate is 25%. What is the Textbook Division's Return on Investment (ROI)? A) 40.00% B) 20.00% C) 44.09% D) 200.00% 52) Bookworks Publishing reported.

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  • 51) Bookworks Publishing reported the following results for its Textbook
  • Accounting
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MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 9) Which of the following is an advantage of using standard costs and variances? A) Price and efficiency variances motivate front-line employees more than operational performance measures. B) Maintaining updated standards is inexpensive. C) Standard costs are benchmarks.

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  • 9) Which of the following is an advantage of using standard costs
  • Accounting
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56) Cove Corporation is deciding whether to automate one phase of its production process. The equipment has a six-year life and will cost $340,000. Projected net cash inflows from the equipment are as follows:   Year 1 $110,000 Year 2 $60,000 Year 3 $90,000 Year 4 $70,000 Year 5 $82,000 Year 6 $98,000   Cove Corporation's hurdle rate is 10%. Assume the residual value is.

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  • 56) Cove Corporation is deciding whether to automate one phase
  • Accounting
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How To Use PowerPoint A Brief Introduction to Commonly Used Features By Ryan McKenzie Introduction PowerPoint is a very commonly used, fairly powerful presentation software from Microsoft. In your academic career (undergrad, graduate, or professional) there is a good chance that you have been or will be exposed to this tool. Furthermore, most of.

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manioy

School: Bard College
Course: MUS018
Accounting
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