STR 581 Capstone Final Examination, Part Two | STR 581 answers - UOP E Tutors
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14. Process costing is used when:<br />
dissimilar products are involved<br />
production is aimed at fulfilling a specific customer order.<br />
the production process is continuous.<br />
costs are to be assigned to specific jobs.<br />
15. A cost which remains constant per unit at various levels of activity is a:<br />
fixed cost<br />
mixed cost<br />
manufacturing cost<br />
variable cost<br />
16.The group of users of accounting information charged with achieving the<br />
goals of the business is its:<br />
investors<br />
auditors<br />
creditors<br />
managers<br />
17. Teakap, Inc. has current assets of $1,456,312 and total assets of $4,812,369<br />
for the year ending September 30, 2006. It also has current liabilities of<br />
$1,041,012, common equity of $1,500,000 and retained earnings of<br />
$1,468,347. How much long-term debt does the firm have?<br />
$803,010<br />
$2,303,010<br />
$1,844,022<br />
$2,123,612
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