The CJW Corporation has sales of $4,500,000. It also has invested assets of $2,000,000 and operating expenses of $3,600,000. The company has established a minimum rate of return of 7%. What is CJW Corporation's rate of return on investment? a. 56% b. 20% c. 45% d. 25%
____ 67. The CJW Corporation has sales of $4,500,000. It also has invested assets of $2,000,000 and operating expenses of $3,600,000. The company has established a minimum
|
a. |
56% |
|
b. |
20% |
|
c. |
45% |
|
d. |
25% |
____ 68. The point where the sales line and the total costs line intersect on the cost-volume-profit chart represents:
|
a. |
the maximum possible operating loss |
|
b. |
the maximum possible operating income |
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c. |
the total fixed costs |
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d. |
the break-even point |
____ 69. The entry to record direct labor costs into production in a
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a. |
debit Factory |
|
b. |
debit Finished Goods, credit Wages Payable |
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c. |
debit Work in Process, credit Wages Payable |
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d. |
debit Factory Overhead, credit Wages Payable |
____ 70. Alden Company manufactures a single product by a continuous process, involving three production departments. The records indicate that direct materials, direct labor, and applied factory overhead for Department 1 were $100,000, $125,000, and $150,000, respectively. In addition, work in process at the beginning of the period for Department 1 totaled $75,000, and work in process at the end of the period totaled $60,000. The
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a. |
Work in Process--Department 2 390,000 Work in Process--Department 1 390,000 |
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b. |
Work in Process--Department 2 330,000 Work in Process--Department 1 330,000 |
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c. |
Work in Process--Department 2 255,000 Work in Process--Department 1 255,000 |
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d. |
Work in Process--Department 2 375,000 Work in Process--Department 1 375,000 |
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