In which of the following do all investors have limited liability?
A)?LLP
B)?General partnership
C)?Sole proprietorship
D)?In all of the above do investors have limited liability
A
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.Johnson Products Company is in the process of adopting the just-in-time operating philosophy for its idol-making operations. Indicate which of the following overhead costs is a nonvalue-adding cost (NVA)
A) Machine electricity B) Machine repairs C) Depreciation of the machine used D) Machine setup labor
Which of these laws do not enable suppliers to offer unjustified discounts to large retailers?
a. Robinson-Patman Act b. Miller-Tydings Act c. Sherman Act d. Clayton Act
Nielsen Corporation has two manufacturing departments--Machining and Assembly. The company used the following data at the beginning of the year to calculate predetermined overhead rates: MachiningAssemblyTotalEstimated total machine-hours (MHs) 1,000 4,000 5,000Estimated total fixed manufacturing overhead cost$4,700$10,800$15,500Estimated variable manufacturing overhead cost per MH$1.20$2.20 During the most recent month, the company started and completed two jobs--Job F and Job M. There were no beginning inventories. Data concerning those two jobs follow: Job FJob MDirect materials$13,000$7,400Direct labor cost$20,400$8,800Machining machine-hours 700 300Assembly machine-hours 1,600 2,400Assume that the company uses a plantwide predetermined manufacturing overhead rate
based on machine-hours and uses a markup of 40% on manufacturing cost to establish selling prices. The calculated selling price for Job M is closest to: A. $11,988 B. $46,154 C. $29,970 D. $41,958
Rules that define how the group discusses topics and makes decisions during meetings are called ____________________.
Fill in the blank(s) with the appropriate word(s).