Witty, Inc

question 54

Multiple Choice

Witty, Inc. uses a job-order cost system and had the following data available for 20X1.

-The ending inventory of finished goods is

• A) $58,000.
• B) $36,000.
• C) $94,000.
• D) $292,000.

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Definitions:

Merger

The combination of two or more companies into a single entity, often to expand product lines or markets.

Synergy

The positive incremental net gain associated with the combination of two firms through a merger or acquisition.

Utilization

In finance, utilization can refer to the degree to which a company’s resources or assets are being used efficiently to generate revenues or profits.

Acquiring Firm's Assets

Refers to the assets that a company takes control of as a result of purchasing or merging with another business, contributing to its overall asset base.