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NEW QUESTION: 1
The gross margin for Year 1 is:
A. US $4,350,000
B. US $4,800,000
C. US $4,232,160
D. US $3,429,360
Answer: B
Explanation:
The gross margin equals revenue minus gist of goods sold beginning finished goods inventory + cost of goods manufactured - ending finished goods inventory). Cost of goods manufactured equals all manufacturing adjusted for the change in work-in progress.
Consequently, the gross margin was US $4,800,000 $9,000,000 $1,800,000 DM $720,000 DL $ 1,080,000 VOH $6000,000 FOH), given no beginning or ending finished goods or work-in-process inventories. Data regarding Year 1 operations for an enterprise that had no beginning or ending inventories are as follows:

The enterprise estimates that next year direct materials costs will increase by 101 and direct labor costs will increase by US $0.60 unit to US $5.40 per unit. In addition fixed selling expenses will increase by US $29,520. All other costs will be increased at the same rates or amounts as the, current year.

NEW QUESTION: 2
On January 1, 2010 the TED (treasury-euro dollar) spread was 0.4%, and on January 31, 2010 the TED spread
is 0.9%. As a risk manager, how would you interpret this change?
A. Increase in interest rates on both interbank loans and T-bills.
B. Increase in credit risk on T-bills.
C. The decrease in the TED spread indicates an increase in credit risk on interbank loans.
D. The decrease in the TED spread indicates a decrease in credit risk on interbank loans.
Answer: C

NEW QUESTION: 3
You use Microsoft .NET Framework 4 to create a Windows Presentation Foundation (WPF) application.
You add a ListBox control to the application. The ListBox control is data-bound to an instance of a custom collection class of the Product objects named ProductList.
You need to ensure that changes to ProductList are automatically reflected in the ListBox control.
What should you do?
A. Implement the INotifyPropertyChanged interface in the Product class.
B. Extend the ObservableCollection<Product> class in the ProductList class.
C. Implement the IQueryable<Product> interface in the ProductList class.
D. Extend the DependencyObject class in the Product class.
Answer: B

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