A(n) _____ is a structure for allocating limited resources.
A. dynamical system
B. credit system
C. economic system
D. accounting system
Answer: C
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To compute the amortization on the cumulative net actuarial gains and losses in AOCI for a pension plan, the corridor is computed as 10% of the:
A. higher of the beginning balances of the plan assets or the accumulated benefit obligation. B. higher of the beginning market-related value of the plan assets or the projected benefit obligation. C. lower of the beginning market-related value of the plan assets or the projected benefit obligation. D. average of the beginning balances of the plan assets and the projected benefit obligation.
Which of the following is a tax paid by both the employee and the employer?
a. FICA tax; b. FUTA tax; c. property tax; d. SUTA tax; e. none of these.
According to the text, ________ are the simplest to use
A) ratio scales B) ordinal scales C) interval scales D) random scales E) nominal scales
Franklin Company is a medium-sized manufacturer of bicycles. During the year a new line called "Radical" was made available to Franklin's customers. The break-even point for sales of Radical is $250,00 . with a contribution margin ratio of 40 percent. Assuming that the profit for the Radical line during the year amounted to $80,000 . total sales during the year would have amounted to:
a. $450,000. b. $420,000. c. $400,000. d. $475,000.