New problem-solving strategies will be attempts to extract the greatest number of quality ideas from a group of people in a short time.

In considering the impact of inflation in capital budgeting net present value calculations, which of the following should be adjusted for anticipated inflation?

A) cash flows of future years.
B) cost of capital.
C) cash outflow at project start date.
D) A & B.

What are the advantages of adopting a flexible position?

On November 2, Newsprint Manufacturing purchases 5 rolls of paper on account at $125 per roll for use within the production process. On November 5, 4 rolls of this paper are issued to Job 157A in the Printing Department. The Printing Department applies $675 in direct labor and $1,150 of factory overhead to Job 157A. On November 8, Printing transfers Job 157A to the Folding Department. The Folding Department applies $450 in direct labor and $655 in factory overhead to Job 157A. Job 157A is transferred to finished goods inventory on November 9.
a.Journalize the entry to record the purchase of the paper.
b.Journalize the entries to record the transfer of raw materials to work in process, the application of direct labor, and the application of manufacturing overhead to Job 157A while in the Printing Department.
c.Journalize the entries to record the transfer of Job 157A to the Folding Department at actual cost.
d.Journalize the entries to record the application of direct labor and the application of manufacturing overhead to Job 157A while in the Folding Department.
e.Journalize the entry to record the transfer of Job 157A to finished goods inventory at actual cost.

BioChem Corporation operates a hazardous waste storage facility. ChemCo Inc. buys BioChem before it is discovered that the firm's disposal practices violated CERCLA. With respect to these violations, Superfund is likely to impose on ChemCo

A) strict liability.
B) liability under the nuisance doctrine.
C) liability on a negligence theory.
D) no liability.

The liabilities of a company at the end of the year are $530,000 and the total stockholders' equity at the end of the year is $1,080,000. The debt to stockholders' equity ratio is: (Round your answer two decimal places.)

A) 0.49 to 1.
B) 0.33 to 1.
C) 0.67 to 1.
D) 3.04 to 1.