How much has motor / air passenger mile split changed between 1990 and 2006?
a. The percentage of air increased 80%
b. The percentage of air decreased 80%
c. They remained unchanged
d. Not enough information to figure that out
A
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Mullins, Inc manufactures furniture. Mullins has given you its most recent annual report in an effort to obtain a sizeable loan. The company is very profitable and appears to have a strong financial position. However, based on a news report you saw on television last night, you are aware that Mullins is a defendant in a class action lawsuit related to defective products. Serious injuries were
allegedly caused by Mullins' infant high chairs overturning. The television news report is an example of financial information that is: A) predictable. B) conservative. C) relevant. D) comparable.
Preparing persuasive messages requires a/an:
a. deductive outline. b. inductive outline. c. direct outline. d. None of these are correct.
In which of the following did the Court decide that insurance was interstate commerce when conducted across state lines, and therefore was subject to federal regulation?
A) Paul v. Virginia B) South-Eastern Underwriters Association case C) McCarran-Ferguson Act D) Financial Modernization Act
Bartow Corporation uses an activity-based costing system to assign overhead costs to products. In the first stage, two overhead costs-equipment expense and indirect labor-are allocated to the three activity cost pools-Processing, Supervising, and Other-based on resource consumption. Data to perform these allocations appear below:Overhead costs: Equipment expense$29,000Indirect labor$8,000??Distribution of Resource Consumption Across Activity Cost Pools: Activity Cost Pools ProcessingSupervisingOtherEquipment expense0.200.600.20Indirect labor0.500.300.20In the second stage, Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to
products. Activity data for the company's two products follow:Activity: MHs (Processing)Batches (Supervising)Product H36,700700Product O53,3001,300Total10,0002,000The activity rate for the Processing activity cost pool under activity-based costing is closest to: A. $0.58 per MH B. $3.70 per MH C. $0.98 per MH D. $5.71 per MH