Klein Corporation has provided the following data: Year 2Year 1Total assets$1,337,000 $1,310,000 Total liabilities$598,000 $580,000 Total stockholders' equity$739,000 $730,000 The company's equity multiplier is closest to:
A. 1.80
B. 0.56
C. 1.24
D. 0.81
Answer: A
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In ________, the firm bases its price largely on competitor's prices
A) going-rate pricing B) auction-type pricing C) markup pricing D) target-return pricing E) perceived-value pricing
Mary is interested in incorporating research-based recommendations on how to use monetary rewards effectively. Which of the following is an implementation guideline for the principle of “reward employees in a timely manner”?
A. ensure pay levels vary significantly based on performance levels B. distribute fake currencies or reward points that can later be traded for cash, goods, or services C. only promise rewards that are available D. specify what employees are expected to do, as well as what they should refrain from doing
Under the doctrine of nuisance, persons may be liable if they use their property in a manner that unreasonably interferes with others' rights to use or enjoy their own property
Indicate whether the statement is true or false
Henkes Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 66,000 labor-hours. The estimated variable manufacturing overhead was $8.41 per labor-hour and the estimated total fixed manufacturing overhead was $1,533,180. The actual labor-hours for the year turned out to be 68,400 labor-hours. Required:Compute the company's predetermined overhead rate for the recently completed year.
What will be an ideal response?