Retained earnings represent the source of net assets generated by the earnings process that exceed the firm's dividend declarations. Common practice refers to the process of curtailing dividends to accumulate assets, represented by retained earnings, as _____
a. operating activities
b. investing activities
c. external financing
d. internal financing
e. dividend seizure
D
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Which organizations benefit when switching from a defined-benefit plan to cash balance plans?
A. organizations with many retired employees B. organizations with many young employees C. organizations with a few skilled employees D. organizations with highly skilled, young employees E. organizations with many experienced employees
Mrs. Hanson's financial support this year consisted of: $14,650 Social Security benefits; $9,600 pension from her former employer's qualified retirement plan, and $15,000 cash gifts from her children. Compute Mrs. Hanson's AGI.
What will be an ideal response?
Wanger, Inc., manufactures and sells two products: Product G1 and Product F2. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Expected Production Direct Labor-Hours Per Unit Total Direct Labor-HoursProduct G1800 9.0 7,200 Product F2800 11.0 8,800 Total direct labor-hours 16,000 The direct labor rate is $15.30 per DLH. The direct materials cost per unit for each product is given below: Direct Materials Cost per UnitProduct G1$100.50 Product F2$292.00 The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity:Activity Cost PoolsActivity MeasuresEstimated Overhead
CostExpected Activity???Product G1Product F2TotalLabor-relatedDLHs$732,480 7,2008,80016,000Machine setupssetups 53,809 400300700Order sizeMHs 600,525 3,8003,7007,500 $1,386,814 The overhead applied to each unit of Product G1 under activity-based costing is closest to: (Round your intermediate calculations to 2 decimal places.) A. $866.76 per unit B. $780.12 per unit C. $380.33 per unit D. $830.79 per unit
Election delays usually work in favor of employers for all of the following reasons except:
A. The union looks weak and unable to make progress against the employer. B. Union supporters may quit or be discharged. C. The employer gains more time to campaign against the union. D. The NLRB may decide that a union election is not feasible.