The TRIPS agreement covers computer programs
a. True
b. False
Indicate whether the statement is true or false
True
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Answer the following statements true (T) or false (F)
1. The avoidance or withdrawal strategy combines a low concern for production with a high concern for people. 2. When the accommodating strategy is used, managers try to deal with conflict by making the employee with the most seniority happy. 3. The accommodating conflict resolution strategy is used more in low- to medium- performance companies rather than high-performance organizations. 4. The party with the most information is likely to have the better position in a compromise.
Use the "percent of sales method" of preparing pro forma financial statements to determine the
projection for next year's accounts receivable. Make the following assumptions: current year's sales are $45,450,000; current year's cost of goods sold is $26,950,000; sales are expected to rise by 20%. The firm's investment in accounts receivable in the current year is $8,600,000. The firm's marginal tax rate is 35%. What is the projection for next year's accounts receivable? A) $8,772,000 B) $10,320,000 C) $9,575,000 D) $11,345,000
Which of the following statements regarding income tax commercial domicile is incorrect?
A. The location where a business is headquartered. B. The location from which a business directs its operations. C. The location where a business is incorporated. D. None of the choices are correct.
Petty Corporation has two production departments, Milling and Finishing. 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 Finishing 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: MillingFinishingMachine-hours 20,000 14,000Direct labor-hours 2,000 8,000Total fixed manufacturing overhead cost$148,000$88,000Variable manufacturing overhead per machine-hour$1.90 Variable manufacturing overhead per direct labor-hour $3.60The predetermined overhead rate for the Finishing Department is closest to:
A. $3.60 per direct labor-hour B. $14.60 per direct labor-hour C. $11.00 per direct labor-hour D. $5.84 per direct labor-hour