Budget planners for a certain community have determined that $8,153,600 will be required to provide all government services next year. The total assessed property value in the community is $108,000,000. What tax rate is required to meet the budgetary demands? (Express your answer as a tax rate per $100 and round to the nearest hundredth)
A) $7.50
B) $7.55
C) $8.24
D) $8.15
B
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If a company recognizes a loss due to inventory write-down then the inventory value subsequently increases due to a market reversal the following year, GAAP does not permit the loss to be recovered
Indicate whether the statement is true or false
Which of the following is false in regards to direct materials for an auto manufacturer?
A) Steel would probably be a direct material. B) Upholstery fabric would probably be a direct material C) Oil to lubricate factory machines would not be a direct material. D) Small plastic clips to hold on door panels, because they become part of the auto, must be accounted for as direct materials.
Which budget should be used to determine managerial effectiveness?
A) operational budget B) capital budget C) static budget D) flexible budget E) cash budget
Yuengling is the oldest brewery in the United States. It was founded in 1827 in a time when small breweries dotted the nation. The brewery only sells in a ten state area on the eastern seaboard. For over 170 years, this strategy has given the brewery a:
A. brand name strategy B. niche competitive advantage C. price differentiation advantage D. marketing competitive advantage E. sustainable competitive advantage