If pay raises are matching the rate of inflation, then employees will be no worse off in terms of the immediate purchasing power of their salaries
Indicate whether the statement is true or false
a. True
b. False
ANSWER: True
If pay raises are matching the rate of inflation, then employees will be no worse off in terms of the immediate purchasing power of their salaries.
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Which sales presentation method is best for selling group insurance policies to organizations?
A. Need-satisfaction B. Problem-solution C. Formula sales approach D. Transactional selling E. Canned sales approach
An after-the-fact flexible budget
A) is a budget for the actual level of activity B) is used for performance reports C) calculates what costs should have been for the actual level of activity D) is used to compare expected costs with actual costs E) all of these
An increase in interest rates will help increase the future value of a portfolio because the cash flows produced by the portfolio:
A. will increase the maturity value of the bond. B. can be reinvested at higher rates of return. C. can be used to recall high-rate bonds. D. will generate cash to pay future coupon interest. E. will decrease the yield to maturity of the bond.
Zephyr Corporation has provided the following data from its activity-based costing system: Activity Cost PoolOverhead Cost Total ActivityAssembly$383,180 23,000machine hoursProcessing orders$50,798 1,100ordersInspection$106,110 1,620inspection hoursData concerning one of the company's products, Product LM41, appear below. Selling price per unit$124.60 Direct materials cost per unit$22.08 Direct labor cost per unit$45.77 Annual unit production and sales 210 Orders processed 80 Annual machine hours 320 Annual inspection hours 10 According to the activity-based costing system, the profit for product LM41 is:
A. $2,236.90 B. $2,891.90 C. $5,931.30 D. $3,178.20 E. $11,917.50