Procedural rules issued by administrative agencies are:
a. statements that provide the agency staff and public with guidance regarding what the agency believes a certain statute or regulation means
b. administrative statutes with the same force of law as statutes passed by Congress c. a statement of what companies must do to follow the requirements of regulations d. statements that may only rephrase the language of a statute passed by Congress
e. none of the other choices
e
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The reason for combining direct labor and overhead costs together and calling them "conversion costs" is that
a. they both are direct costs of production. b. the equivalent unit amount for direct materials will be the same as that for direct labor and overhead costs. c. both types of costs usually are incurred uniformly throughout the production process. d. the costs for direct labor and overhead are not accounted for separately.
The ______ is a performance appraisal checklist form on which a manager simply rates performance on a continuum such as excellent, good, average, fair, and poor.
A. graphic rating scale form B. management by objectives method C. critical incidents method D. narrative method or form
Nasser Inc. reported the following results from last year's operations: Sales$12,600,000Variable expenses 7,760,000Contribution margin 4,840,000Fixed expenses 3,706,000Net operating income$ 1,134,000Average operating assets$6,000,000Last year's return on investment (ROI) was closest to:
A. 9.0% B. 18.9% C. 47.6% D. 80.7%
Carl filed his tax return, properly claiming the head of household filing status. Carl's employer paid or provided the following to Carl:Wages$65,000Fair market value of qualified dependent care services4,000Premiums for $50,000 qualified group term life insurance500Medical insurance premiums600How much of this income should Carl report (assume benefits are provided on a nondiscriminatory basis)?
A. $69,000 B. $69,500 C. $65,000 D. $70,100