What is the late start time for Activity B given the activity times and precedence requirements shown in the table?
Activity Time Predecessor
A 5 --
B 6 A
C 4 A
D 5 B, C
A) 11
B) 9
C) 7
D) 5
D
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When it comes to tax liability, limited liability companies (LLCs):
A. are taxed as corporations. B. do not require partners to report their share of the LLC's profits on personal tax returns. C. in all states are required to file annual reports with the secretary of state. D. are taxed as partnerships.
Widgeon Co manufactures three products: Bales; Tales; and Wales. The selling prices are: $55; $78; and $32, respectively. The variable costs for each product are: $20; $50; and $15, respectively. Each product must go through the same processing in a machine that is limited to 2,000 hours per month. Bales take 7 hours to process, Tales take 4 hours, and Wales take 1 hour. Which product has the
highest contribution margin per machine hour? A) Bales B) Tales C) Wales D) Bales and Tales have the same
Which of the following costs changes in direct proportion to a change in the activity level?
A. Variable cost. B. Semivariable cost. C. Step-fixed cost. D. Step-variable cost. E. Fixed cost.
Match each term with the correct statement below.
a. speculative risk b. nonspeculative risk c. risk d. peril e. hazard f. U.S. Savings Bonds g. money market accounts h. NOW accounts 1. A person who is gambling assumes this type of risk 2. A person who is driving a car assumes this type of risk 3. An interest-earning checking account that normally requires a minimum balance to earn interest 4. The uncertainty of loss due to anything that can cause the loss 5. Anything that can cause a loss—an earthquake 6. Anything that increases the probability of peril—living close to a fault line