Gary, Louise, and Brian, who own competing gas stations in town, happen to see each other at a restaurant one morning and have breakfast together. While talking, they decide to set their gas prices at the same amount. They have committed an illegal act only if the agreed price is unfair to consumers
a. True
b. False
Indicate whether the statement is true or false
False
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FUTA taxes are:
A. Employee income taxes. B. Medicare taxes. C. Social Security taxes. D. Employee deductions. E. Unemployment taxes.
Under the Fair Packaging and Labeling Act, which of the following governmental units promulgates rules governing the labeling and packaging of products?
A) the Federal Trade Commission B) the Occupational Safety and Health Administration C) the Interstate Commerce Commission D) the Department of Health and Human Services
Wang Company provides the following data for the current year:Estimated Factory Overhead$7,800Factory Overhead Incurred$11,400Factory Overhead Applied?Estimated Direct Labor Cost$12,000Direct Labor Cost Incurred$11,800Required:a. Calculate the predetermined overhead allocation rate based on direct labor.b. Determine the amount of overhead applied to production.c. Prepare the journal entry to apply factory overhead to Work in Process.
What will be an ideal response?
NPV is the result of cash flow divided by the cost of the project
Indicate whether the statement is true or false