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1) When indirect materials are requisitioned the ________ account is increased.a)Materials Controlb)Accounts Payable Controlc)Manufacturing Overhead Controld)Work-in-Process Control
2) All of the following are general ledger accounts EXCEPT:a)the Accounts Receivable subsidiary account for Ruben Electricb)the Advertising Costs accountc)the Prepaid Insurance Control accountd)the Salaries Payable Control account3) The basic source document for direct manufacturing labour is the:a)materials-requisition recordb)job-cost recordc)labour-time recordd)All of these answers are correct.
Your brother who is 6 years old, just received a trust fund that will be worth $24,000 when he is 21 years old. If the fund earns 0.11 interest compounded annually, what is the value of the fund today?
Compute difference between daily and annual compounding, given the following data: (a) PV: $52,000, (b) NPER: 30, and (c) RATE: 10%.
If the stock is selling for $50 today and the required return is 15, what is the expected annual divivdend growth rate after year two?
If Kyoto Joe sells 1,020 forecasts every month at a price of $1,700 each, what is its average balance sheet amount in accounts receivable? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places..
You expect to receive $11,000 at graduation in two years. You plan on investing at 12 percent until you have $97,000. How long will you wait from now? (Do not round the intermediate calculations)? 17.21 years, 23.75 years, 23.33 years, 21.21 years..
Rima's Bank offers to lend you the $50,000, but it will charge 6.0%, simple interest, with interest paid at the end of the year. What's the difference in the effective annual rates charged by the two banks?
A star Wall Street trader is negotiating his 1st contract. His opportunity cost is= 10%. He has been presented the 3 year contracts which are given below.
How would one calculate the current value of a company like Apple? Apple did not pay a dividend from 1995-2012 which made the dividends 0 for many periods. How would calculate the current value of a stock during such periods?
Thirsty Cactus Corp. just paid a dividend of $2.10 per share. The dividends are expected to grow at 21 percent for the next eight years and then level off to a growth rate of 7 percent indefinitely. If the required return is 14 percent, what is th..
Suppose a firm estimates its cost of capital for the coming year to be 10 percent. What might be reasonable costs of capital for average-risk, high-risk, and low-risk projects?
Discuss the Truth in Lending Act and what role it places in financial and regulatory reports requirements in regards to funds acquisition strategies. What are various important terms which must be disclosed and their meaning?
After the $5 dividend is paid, the company expects its growth rate will remain constant at 4 percent per year forever. If BrandMart's investors demand a 12 percent rate of return, what should be the current market price of the company's stock?"
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