Maryam phoned her insurance agent to renew her auto insurance policy. On that same call, the agent attempted to sell her one of the firm's new home or life insurance policies. The agent was pursuing a ________ growth strategy.
A. market penetration
B. product development
C. product proliferation
D. market development
E. diversification
Answer: B
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Bradley Corporation has three production departments A, B, and C. Bradley Corporation also has two service departments, Administration and Personnel. Administration costs are allocated based on value of assets employed, and Personnel costs are allocated based on number of employees. Assume that Administration provides more service to the other departments than does the Personnel Department. Dept
Direct Costs Employees Asset Value Admin. $900,000 25 $450,000 Personnel 350,000 10 600,000 A 700,000 15 300,000 B 200,000 5 150,000 C 250,000 10 800,000 Refer to Bradley Corporation. Assume that Administration costs have been allocated and the balance in Personnel is $860,000 . What amount is allocated to C (round to the nearest dollar)? a. $213,964 b. $430,000 c. $286,667 d. $143,333
Budget and schedule information for each activity in a project is contained in the:
A) Project goal criteria. B) Management plan. C) Work breakdown structure. D) Scope baseline.
To be a close corporation, the business must be small, with no more than 20 owners and no more than $500,000 in gross annual income.
Answer the following statement true (T) or false (F)
Alabaster Company is a Subchapter S corporation. It properly reported net income of $250,000 for financial statement purposes. It had net capital gains of $60,000 and charitable contributions of $20,000. What is the ordinary business income (loss) of Alabaster Company that will be reported to its shareholders on Schedule K-1?
A. $270,000. B. $290,000. C. $330,000. D. $210,000.