Found. of Business Chapter 7 Vocab Flashcards

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accounting

Prior to the first month of operations ending October 31, Marshall Inc. estimated the following operating results:

\begin{array}{lr} \text{Sales (40,000 $\times$ 90)} . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . \$3,600,000\\ \text{Manufacturing costs (40,000 units):}\\ \text{Direct materials }. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,440,000\\ \text{Direct labor} . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 480,000\\ \text{Variable factory overhead} . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 240,000\\ \text{Fixed factory overhead }. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120,000\\ \text{Fixed selling and administrative expenses} . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75,000\\ \text{Variable selling and administrative expenses} . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200,000 \end{array}

The company is evaluating a proposal to manufacture 50,000 units instead of 40,000 units, thus creating an ending inventory of 10,000 units. Manufacturing the additional units will not change sales, unit variable factory overhead costs, total fixed factory overhead cost, or total selling and administrative expenses.
a. Prepare an estimated income statement, comparing operating results if 40,000 and 50,000 units are manufactured in (1) the absorption costing format and (2) the variable costing format.

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psychology

People with a high need for cognition are more likely to $\underline{\hspace{2cm}}$ .

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psychology

Which of the following insulates and protects a neuron's axon, as well as helps to speed along electrical impulses? a. synaptic knobs c. myelin sheath b. receptor sites d. neuromodulators

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accounting

Global Tours has beginning current assets of $1,360, beginning current liabilities of$940, ending current assets of $1,720, and ending current liabilities of$1,080. What is the change in net working capital?

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