James is concerned that if he purchases a fixed immediate annuity his funds will be tied-up and not accessible if an emergency arises. His insurance agent said that a rider could be attached to his annuity to address this concern. The rider is a(n)
A) partial cash withdrawal rider.
B) return of premium rider.
C) guaranteed purchase option rider.
D) waiver-of-premium rider.
Answer: A
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Gardner Machine Shop estimates manufacturing overhead costs for the coming year at $318,000. The manufacturing overhead costs will be allocated based on direct labor hours. Gardner estimates 5000 direct labor hours for the coming year. In January, Gardner completed Job A33, which used 70 machine hours and 23 direct labor hours. What was the amount of manufacturing overhead allocated to Job A33? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)
A) $1463 B) $4452 C) $5915 D) $4543
The Dennis Company reported net income of $50,000 on sales of $300,000. The company has average total assets of $500,000 and average total liabilities of $100,000. What is the company's return on equity ratio?
A. 12.5% B. 10.0% C. 50.0% D. 16.7%
________ is defined as a percentage share of an expensive asset and is most often used for aircraft, sports cars, and real property.
A. Limited partnership B. Joint venture C. Limited liability partnership D. Fractional ownership
In Black Beauty Coal Co v. Federal Mine Safety and Health Review Commission, where a coal mine inspector believed a situation created a fire hazard for which he issued a "high negligence" citation that the company contested. The appeals court held that::
a. the mine inspector had no basis for the citation; it appeared to be personal opinion, so the citation was stricken b. the mine inspector showed bias and hostility toward the mine operator that required the citation to be stricken c. the evidence was "beyond a reasonable doubt" so the citation was upheld d. the inspector has "nearly unlimited" authority to issue citations so the courts rarely can overturn a citation e. none of the other choices