Which of the following is/are secondary sources of tax law?
I.Joint Conference Committee reportsII.Journal of TaxationIII.Revenue proceduresIV.Tax Treaty with FranceV.U.S. Tax Court Memorandum Decisions?
A. Only statement IV is correct.
B. Only statement II is correct.
C. Statements II and III are correct.
D. Statements I, II, III, and V are correct.
E. Statements I, II, III, IV, and V are correct.
Answer: B
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Which process does a service firm such as a credit card company use to process bills?
A. project process B. batch process C. repetitive process D. unique process
Improving Presentation Visuals Northeastern University has developed a presentation to introduce professors to the use of podcasting in classrooms. One of the slides conveys the advantages of podcasting. The content of the slide is as follows:
Podcasting: The Advantages for Students in Higher Education Podcasting is revolutionizing higher education in many ways. a) Makes "anyplace, anytime" learning a reality b) Gives students portability in their busy lives c) Convenience of accessing resources on a mobile device d) Students can learn at their own pace in their own time at their own convenience. e) Learning through listening f) Accommodates rich content g) It is a useful learning tool. Required: Explain what needs to be done to make the slide content effective. Revise the content of the slide based on the effective guidelines for designing presentation visuals.
Bruce Corporation makes four products in a single facility. These products have the following unit product costs: Products ABCDDirect materials$19.90$15.20$20.80$23.20Direct labor 12.20 8.70 10.50 7.40Variable manufacturing overhead 1.60 2.10 2.00 2.10Fixed manufacturing overhead? 10.80? 11.90? 8.80? 10.70Unit product cost$44.50$37.90$42.10$43.40Additional data concerning these products are listed below. Products ABCDGrinding minutes per unit 1.20 0.70 0.60 0.60Selling price per unit$59.30$51.70$59.50$55.60Variable selling cost per unit$3.60$1.50$2.20$3.60Monthly demand in units 4,000 2,000 4,000 2,000The grinding machines are potentially the constraint in the production facility. A total of 9,000 minutes are available per month on these machines.Direct
labor is a variable cost in this company.Up to how much should the company be willing to pay for one additional minute of grinding machine time if the company has made the best use of the existing grinding machine capacity? (Round your intermediate calculations and final answer to 2 decimal places.) A. $0.00 B. $18.33 C. $12.20 D. $19.30
Answer the following statement(s) true (T) or false (F)
1. Only federal, state, and local legislatures, combined with judicial decisions, form law. 2. State and federal agencies establish regulations that can be considered laws. 3. Jurisdiction is the legal right and power of a court to interpret and apply laws. 4. The U.S. Court of Appeals is the first court to hear a federal case. 5. The highest court of the land, the U.S. Supreme Court, is composed of five justices appointed by the president and confirmed by Congress.