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NEW QUESTION # 48
This is select financial statement data for Binks Corporation. What is the inventory turnover ratio for year 2?
Answer: A
NEW QUESTION # 49
Ladron Candies uses activity-based costing to allocate variable factory overhead costs. Which of the following statements best represents the excerpted activity data for indirect materials?
Indirect Materials:
Answer: B
NEW QUESTION # 50
The manager of Ladron Candies is deciding whether or not to invest in new equipment with a purchase price of $10,500 and a required rate of return of 7%. Given this calculation of the present value of cash inflows and outflows for the next three years, what should he decide, based on the internal rate of return?
Answer: C
NEW QUESTION # 51
Thompson Dental is deciding between two lease options for a new copier. They anticipate making 22,500 copies spread evenly over the course of the year. Which of the following options should they choose if they want to save the most money on an annual basis, and how much money will they save?
Option 1: Monthly lease: $225, Included copies: 1,500/month, Additional copies: $0.15 per copy Option 2: Monthly lease: $250, Included copies: 1,800/month, Additional copies: $0.02 per copy
Answer: C
NEW QUESTION # 52
Managers have several different methods from which to choose when evaluating long-term investments. Which method disregards the time value of money as a factor?
Answer: A
NEW QUESTION # 53
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