Which one of the following statements is completely correct? A manufacturing company has a substantial amount of finished goods inventory; a merchandising company has none. A manufacturing company has a substantial amount of work-in-process inventory; a service company has none. A manufacturing company has a substantial amount of finished goods inventory and a substantial amount of work-in-process inventory. A merchandising company has a substantial amount of finished goods inventory and a substantial amount of work-in-process inventory. A service company has a substantial amount of finished goods inventory and a substantial amount of work-in-process inventory.

Vintage fun reproduces oldminusfashioned style roller skates and skateboards. the annual production and sales of roller skates is 950 units, while 1,750 skateboards are produced and sold. the company has traditionally used direct labor hours to allocate its overhead to products. roller skates require 2.5 direct labor hours per unit, while skateboards require 1.25 direct labor hours per unit. the total estimated overhead for the period is $114,300. the company is looking at the possibility of changing to an activityminusbased costing system for its products. if the company used an activityminusbased costing system, it would have the following three activity cost pools: the overhead cost per skateboard using the traditional costing system would be closest to: a. $9.31. b. $65.31. c. $25.05. your answer is not correct.d.

During 2016, nike inc., reported net income of $3,760 million. the company declared dividends of $1,022 million. the closing entry for dividends would include which of the following? select one: a. credit cash for $1,022 million b. credit dividends for $1,022 million c. debit net income for $1,022 million d. credit retained earnings for $1,022 million e. debit dividends for $1,022 million

The face of a company is often that of the lowest paid employees who meet the customers. select one: true false