Legislative rules may, in certain circumstances, exceed the authority granted to an agency by the enabling statute
a. True
b. False
Indicate whether the statement is true or false
False
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Investors and creditors use financial statements to evaluate a company's ability to pay dividends and interest
Indicate whether the statement is true or false
Which of the following claims will be paid first from the debtor's estate under Chapter 7?
a. A gap creditor with a claim of $2,000. b. A state claiming $5,000 in back taxes. c. The trustee's expenses of $3,000. d. Employees claiming unpaid wages of $5,000 for wages earned within 90 days of the bankruptcy filing.
Bolander Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data:Total machine-hours70,000Total fixed manufacturing overhead cost$ 294,000Variable manufacturing overhead per machine-hour$ 2.30 Recently, Job M825 was completed with the following characteristics:Number of units in the job20Total machine-hours80Direct materials$ 665Direct labor cost$ 1,840The predetermined overhead rate is closest to:
A. $2.30 per machine-hour B. $4.20 per machine-hour C. $8.80 per machine-hour D. $6.50 per machine-hour
When you leave an employer, your options with your 401(k) are all of the following except
A) leave it with your former employer. B) transfer it to your new employer. C) transfer it to a rollover IRA. D) withdraw it with no tax penalty if done in 90 days.