In a ______ compensation plan, each task is assigned a normal amount of work time for completion.
A. straight piece-rate
B. standard-hour
C. differential piece-rate
D. merit
B. standard-hour
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Predetermined overhead rates generally are useful for all but which of the following?
a. Price determination b. Estimating production levels c. Inventory valuation d. Product costing
Which of the following is generally considered an advantage of personal selling over other marketing options?
A) cost-effectiveness for marketing inexpensive products B) the development of personal relationships with customers C) low rates of turnover D) low compensation costs for employees E) the ability to reach large numbers of customers
On July 1 . 2014, Chelsea Company purchased as a long-term investment Soho Company's ten-year, 9 percent bonds, with a face value of $100,000 for $95,200 . Interest is payable semiannually on January 1 and July 1 . The bonds mature on July 1 . 2018 . Chelsea uses the straight-line method of amortization. What is the amount of interest revenue that Chelsea should report in its income statement for
the year ended December 31 . 2014? a. $3,900 b. $4,500 c. $5,100 d. $5,700
Maria drives a four-door sedan to work and other places every day. How does her car affect the environment now compared to a similar car thirty years ago?
A. A car is a car, so the environmental impact is likely the same. B. Her car is more economical today than it would have been thirty years ago. C. There are so many cars today that air pollution laws are nearly worthless. D. Today's car has a pollution-control device that reduces harmful emissions. E. Technology now produces cars that are completely harmless to the environment.