If a business is formed as an S corporation, its income may be subject to double taxation.
Answer the following statement true (T) or false (F)
False
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Which of the following acts amended Section 7 of the Clayton Act and introduced a premerger notification requirement into the area of mergers?
A) the Sarbanes-Oxley Act of 2002 B) the Securities Exchange Act of 1934 C) the Federal Trade Commission Act of 1914 D) the Hart-Scott-Rodino Act of 1976
When a firm offers advertising allowances to firms further along in a channel, what is the likely benefit it gets?
A. They allow for coordination and integration of ad messages in the channel. B. They encourage advertising or promoting of the firm's products locally. C. They involve intermediaries and producers sharing in the cost of ads. D. They offer incentives that encourage retailers to stock up on a product. E. They set the allowance amount as a percent of the retailer's actual purchases.
Comans Corporation has two production departments, Milling and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Milling Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: MillingCustomizingMachine-hours 18,000 13,000Direct labor-hours 4,000 7,000Total fixed manufacturing overhead cost$113,400$64,400Variable manufacturing overhead per machine-hour$1.60 Variable manufacturing overhead per direct labor-hour $3.90 During the current month the company started and finished Job A319. The following data were
recorded for this job: Job A319:MillingCustomizingMachine-hours 60 10Direct labor-hours 20 60Direct materials$655$305Direct labor cost$400$1,200The amount of overhead applied in the Milling Department to Job A319 is closest to: A. $474.00 B. $142,200.00 C. $96.00 D. $552.00
A very flexible version of the network organization is the
A) dynamic network. B) conglomerate organization. C) relational corporation. D) nonstandard division. E) localized division.