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NA

Answered

If a project is being evaluated three years after it had started, how should the costs of the project from the three previous years be considered in deciding whether to continue the project?

A) The costs should be incorporated as cash flows in evaluating whether the project should continue.
B) These costs should not be included in the review of the project because the costs are sunk costs.
C) These costs should be considered to demonstrate how much money the firm has already lost regardless of revenue.
D) The previous costs and revenues should be incorporated into the cash flow stream in evaluating the future of the project.

On Jul 22, 2024


B
NA

Answered

An important assumption in using ABC is that

A) production must take place on a continuous basis.
B) all costs in an activity should respond proportionately to changes in the activity level of the cost driver.
C) production must take place on a just-in-time basis.
D) all costs are pushed through each process when customer orders are received.

On Jul 19, 2024


B
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Answered

If $150000 face value bonds are issued at 103 the proceeds received will be $103000.

On Jun 22, 2024


False
NA

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Use the following two statements to answer this question: I. The average total cost of a given level of output is the slope of the line from the origin to the total cost curve at that level of output.
II) The marginal cost of a given level of output is the slope of the line that is tangent to the variable cost curve at that level of output.

A) Both I and II are true.
B) I is true, and II is false.
C) I is false, and II is true.
D) Both I and II are false.

On Jun 19, 2024


A
NA

Answered

A firm's current ratio is above the industry average. However, the firm's quick ratio is below the industry average. These ratios suggest that the firm

A) has relatively more total current assets and even more inventory than other firms in the industry.
B) is very efficient at managing inventories.
C) has liquidity that is superior to the average firm in the industry.
D) is near technical insolvency.

On May 23, 2024


A
NA

Answered

A married couple pays $500 in federal income tax.How much is their marginal tax rate and their average tax rate?

On May 20, 2024


10%;10%