If a corporation has only one class of stock, it is ________ stock.
A. preferred
B. convertible
C. cumulative
D. common
Answer: D
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Joint costs are relevant costs in a sell or process-further decisions and they do change if further processing occurs
Indicate whether the statement is true or false
Rudick Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Element per MonthVariable Element per Well ServicedRevenue $4,500Employee salaries and wages$47,400 $1,200Servicing materials $700Other expenses$29,500 ?When the company prepared its planning budget at the beginning of July, it assumed that 34 wells would have been serviced. However, 36 wells were actually serviced during July.?The activity variance for revenue for July would have been closest to:
A. $9,000 F B. $9,000 U C. $10,800 F D. $10,800 U
Whenever a work-related injury or disease occurs, employers must make reports directly to the Occupational Safety and Health Administration
Indicate whether the statement is true or false
Chuckie, president of DrinkUp Fresh Beverages, Inc., does not apply utilitarianism to business ethical issues. One problem with utilitarianism is that it
A. gives business profits priority over production costs. B. ignores the practical costs of a given set of circumstances. C. requires complex cost-benefit analyses of simple situations. D. tends to justify human costs that many find unacceptable.