To be eligible for unemployment insurance:
a. the employee must be involuntarily unemployed
b. the employee must be willing to perform any work that is offered
c. the employee must be available to work within 90 days of becoming unemployed
d. all of the above
e. none of the above
A
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If a cheese factory was interested in estimating the market potential for a new light cheese and estimated the potential by multiplying a base number (population) by several adjusting percentages
(e.g., personal discretionary income per capita, average percentage of discretionary income spent on food, etc.), it would be using the chain-ratio method to estimate market potential.
The key reason that the marketing concept has been recognized as the "right philosophy" is that it:
A) is well established in the marketing literature B) has been recommended by successful marketing executives C) does not rely on high-pressure selling D) stresses understanding the competition E) always puts the customer first
In general, consolidated financial statements should be prepared
A) when a corporation owns more than 20% of the common stock of another company B) when a corporation owns more than 50% of the common stock of another company C) only when a corporation owns 100% of the common stock of another company D) whenever the market value of the stock investment is significantly lower than its cost
Paw-Paw Products Paw-Paw Products produces and sells flannel covered dogbeds. In the current year, Paw-Paw had expected to sell 8,000 beds but actually produced and sold 8,500 beds. The following information is available regarding the standard cost to produce a single dogbed: Direct materials: 5 yards at $1.50 per yard Direct labor: 40 minutes at $.20 per minute In the current year, 44,000 yards
of material were purchased and used at a cost of $1.60 per yard and 365,500 direct labor minutes were incurred at a cost of $.23 per minute. Refer to the Paw-Paw Products information above. The company's direct material price variance for the current year is: A) $4,250 F. B) $6,650 U. C) $4,400 U. D) $3,750 F.