The government owns productive resources and financial enterprises in a:
a. mixed economy
b. pure market economy
c. planned economy
d. bureaucratic economy
e. microeconomic economy
c. planned economy
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Earnings before taxes and interest divided by interest expense is the
a. earnings return ratio; b. interest expense ratio; c. times interest earned ratio; d. interest return ratio; e. none of these.
The main issue in CASE 8.1 Option Wireless, Ltd. v. OpenPeak, Inc (2012) involved the so-called "knockout rule."
a. True b. False Indicate whether the statement is true or false
Rocket Products manufactures three types of remote-control devices: Economy, Standard, and Deluxe. The company, which uses activity-based costing, has identified five activities (and related cost drivers). Each activity, its budgeted cost, and related cost driver is identified below.ActivityCostCost DriverMaterial handling$225,000 Number of partsMaterial insertion 2,475,000 Number of partsAutomated machinery 840,000 Machine hoursFinishing 170,000 Direct labor hoursPackaging 170,000 Orders shippedTotal$3,880,000 The following information pertains to the three product lines for next year: Economy Standard DeluxeUnits to be produced 10,000 5,000 2,000 Orders to be shipped 1,000 500 200 Number of parts per unit 10 15 25 Machine hours per
unit 1 3 5 Labor hours per unit 2 2 2 Assume that Rocket is using a volume-based costing system, and the preceding overhead costs are applied to all products on the basis of direct labor hours. The overhead cost that would be assigned to the Deluxe product line is closest to: A. $456,471. B. $646,471. C. $1,141,176. D. $961,176. E. None of the answers is correct.
Procter & Gamble manufactures Tide laundry detergent, the best-selling brand in the United States. But is also offers Tide to Go, which is a stick product consumers can use to clean a spot on their clothing between washings, and small travel packets of Tide detergent. These other products are part of Tide's product line:
A. width B. breadth C. mix D. depth E. synergy