Which of the following is NOT a Social Security benefit?
A. retirement benefits
B. disability benefits
C. Medicare
D. workers' compensation
Answer: D
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Milner Corporation owns 25 percent of the voting stock of Vaglia Corporation and accounts for the investment using the equity method. Vaglia reports a net loss of $10,000 . Milner Corporation's entry to record its share of loss is:
a. Cash 2,500 Investment in Vagila Corporation 2,500 b. Loss on Investments 10,000 Investment in Vagila Corporation 10,000 c. Loss,Vagila Corporation Investment 2,500 Investment in Vagila Corporation 2,500 d. Cash 2,500 Loss,Vagila Corporation Investment 2,500
Internal administrative costs which are incurred by companies for ethical wrongdoing include all of the following EXCEPT
A. administrative costs associated with future compliance. B. costs incurred in taking corrective actions. C. costs of remedial education and ethics training to company personnel. D. costs attached to adverse effects on employee productivity. E. legal and investigative costs.
Identify and briefly discuss four disadvantages of a vertical integration system.
What will be an ideal response?
ABC, Inc., is a small clothing manufacturer that produces shirts and pants using two resources: sewing machine hours and cutting machine hours. The production manager can schedule up to 240 hr of sewing machine time and up to 150 hr of cutting machine time. Production of one shirt requires 3 hr of sewing time and 1 hr of cutting time. Each pair of pants requires 2 hr of sewing time and 1.5 hr of cutting time. Each shirt yields a profit of $5, and each pair of pants generates a $6 profit. The objective is to maximize profits. What is the total profit at the optimal solution?
A. $250 B. $398 C. $624 D. $583