Executive orders are issued for the purpose of ________.
A. ruling on appealed court cases
B. signing legislation into law
C. amending the U.S. constitution
D. giving directions to governmental agencies
Answer: D
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Which of the following is reported as a financing activity?
a. Declaration of dividends b. Sale of preferred stock c. Conversion of preferred stock to common stock d. Stock split
An activity-based costing system is developed in four steps
a. Compute the predetermined overhead allocation rate for each activity. b. Identify activities and estimate their total costs. c. Identify the cost driver for each activity and then estimate the quantity of each driver's allocation base. d. Allocate the indirect costs to the cost object. Which of the following is the correct order for performing these steps? A) a, b, c, d B) c, a, b, d C) b, c, a, d D) b, a, c, d
Equine World enters into a contract with FabuloSales to provide Equine World with a plan to repurpose its marketing strategy. If FabuloSales breaches the contract, Equine World has a duty to A) reduce the damages that Equine World might otherwise suffer
B) reduce the loss that FabuloSales might otherwise suffer. C) punish FabuloSales and deter others from similar acts. D) take no action.
Nevis' production data for a new deluxe product were taken from the most recent quarterly production budget: JulyAugustSeptemberPlanned production in units1,0001,100980In addition, Nevis produces 5,000 units a month of its standard product. It takes two direct labor hours to produce each standard unit and 2.25 direct labor hours to produce each deluxe unit. Nevis' cost per labor hour is $15. Direct labor cost for the quarter would be budgeted at:
A. $547,750. B. $533,125. C. $519,075. D. $553,950. E. None of the answers is correct.