1. 1. Which of the following is an example of direct labor cost for a table manu

Question

1.  

1. Which of the following is an example of direct labor cost for a table manufacturer?

2. Income statements for public companies, in accordance with FASB requirements, must report

accounts payable turnover

3. When a corporation issues bonds, the price that buyers are willing to pay for the bonds is dependent on several things, including

denominations and market rate

4. If bonds with a $50,000 face value pay 6% interest at a time when the market rate of interest is 6% the issue price will be

Greater than $50,000

5.If comparative balance sheets indicate notes receivable of $60,000 in year 1 and $80,000 in year 2 the percentage increase is

10%

d. 1.4%

Explanation / Answer

1 Cutting-saw operator is an example of direct labor cost for a table manufacturer 2 Earnings per share on common stock 3 Face value, bond interest, market interest rate, maturity date 4 Equal to $50,000 5 Percentage increase=(80000-60000)/60000 = 33.33%

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