Treble damages cannot be sought for the violation of antitrust laws.
Answer the following statement true (T) or false (F)
False
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Managerial decision making that considers environmental, societal, and financial impacts is known as sustainability
Indicate whether the statement is true or false
The management of Plitt Corporation would like to investigate the possibility of basing its predetermined overhead rate on activity at capacity. The company's controller has provided an example to illustrate how this new system would work. In this example, the allocation base is machine-hours and the estimated amount of the allocation base for the upcoming year is 55,000 machine-hours. Capacity is 67,000 machine-hours and the actual level of activity for the year is assumed to be 61,000 machine-hours. All of the manufacturing overhead is fixed and both the estimated amount at the beginning of the year and the actual amount at the end of the year are assumed to be $2,211,000 per year. It is assumed that a number of jobs were worked on during the year, one of which was Job Q20L which
required 410 machine-hours.If the company bases its predetermined overhead rate on capacity, what would be the cost of unused capacity reported on the income statement prepared for internal management purposes? A. $241,200 B. $217,475 C. $396,000 D. $198,000
Which installation runs the old information system and the new one at the same time until management decides the old system can be turned off?
A) Direct installation B) Phased installation C) Parallel installation D) Single-location installation
Jim is at an interview for the position of a sales representative in an insurance company. He has tactfully answered all the questions in the interview. When the interviewer asks Jim what the current tax rate is on property insurance, however, he is unable to answer. Which of the following should Jim do to build and maintain credibility?
A. He should misrepresent facts and distract the interviewer. B. He should admit that he does not have an answer. C. He should provide a defensive response to the question he could not answer. D. He should invent an answer to the question because he is unprepared.