Beat Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours 40,000Total fixed manufacturing overhead cost$344,000Variable manufacturing overhead per machine-hour$3.90Recently, Job M759 was completed. It required 60 machine-hours. The amount of overhead applied to Job M759 is closest to: (Round your intermediate calculations to 2 decimal places.)
A. $750
B. $984
C. $516
D. $234
Answer: A
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Based on the information below for Benson Corporation, what is the optimal capital structure?
| a. | Debt = 40%; Equity = 60%; EPS = $2.95; Stock price = $26.50. | |
| b. | Debt = 50%; Equity = 50%; EPS = $3.05; Stock price = $28.90. | |
| c. | Debt = 60%; Equity = 40%; EPS = $3.18; Stock price = $31.20. | |
| d. | Debt = 80%; Equity = 20%; EPS = $3.42; Stock price = $30.40. | |
| e. | Debt = 70%; Equity = 30%; EPS = $3.31; Stock price = $30.00. |
In a principal-agent relationship, the parties agree that the principal will act on behalf and instead of the agent in negotiating and transacting business with third persons
a. True b. False Indicate whether the statement is true or false
Nero signs a check "pay to the order of Olive" drawn on Nero's account in Peachtree Bank. Olive signs the back of the check. Secondary liability on this check extends to
A. Nero and Olive only. B. Nero and Peachtree Bank only. C. Nero only. D. Peachtree Bank only.
Which of the following statements characterizes the growing ethnic markets in the United States today?
A. Marketers are modifying products to appeal to different ethnicities B. The United States is becoming a multicultural society C. The United States is moving away from being a society dominated by whites and rooted in Western culture D. The percentage of whites in the United States' population will decline relative to other minority groups E. All of the statements characterize the demographic transition in the United States today