A division was sold that qualifies as a separate component according to GAAP regarding discontinued operations
a. as a component of operating income
b. as a non-operating income item (other income or expense)
c. as a discontinued operation
d. as an item of other comprehensive income
Ans: c. as a discontinued operation
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Atlace Manufacturing uses a standard cost system
Standards for direct materials are as follows: Direct materials (pounds per unit of output) 3 Cost per pound of direct materials $4 The company plans to produce 3,000 units and has purchased 12,000 pounds of direct materials at a net cost of $43,200. What is the journal entry to record this transaction? A) Raw Materials Inventory (12,000 pounds x $4/pound) 48,000 Direct Materials Cost Variance 4,800 Accounts Payable (12,000 pounds x $3.60/pound) 43,200 B) Raw Materials Inventory (12,000 pounds x $4/pound) 48,000 Direct Materials Cost Variance 4,800 Accounts Payable (12,000 pounds x $3.60/pound) 43,200 C) Raw Materials Inventory (12,000 pounds x $3.60/pound) 43,200 Direct Materials Cost Variance 4,800 Accounts Payable (12,000 pounds x $4/pound) 48,000 D) Raw Materials Inventory (12,000 pounds x $3.60/pound) 43,200 Direct Materials Cost Variance 4,800 Accounts Payable (12,000 pounds x $4/pound) 48,000
Regarding international marketing research, which of the following statements is (are) true?
A) Only one pretest is recommended in cross-national studies. B) Demographics questions can be used without modification in cross-national studies. C) Structured questions minimize the risk of cultural bias but are more sensitive to differences in educational levels. D) Personal interviewing is the dominant survey method. E) C and D