Common stock always carries a preference for receiving dividends over preferred stock.
Answer the following statement true (T) or false (F)
False
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The management of Holdaway Corporation would like to investigate the possibility of basing its predetermined overhead rate on activity at capacity. The company's controller has provided an example to illustrate how this new system would work. In this example, the allocation base is machine-hours and the estimated amount of the allocation base for the upcoming year is 79,000 machine-hours. Capacity is 88,000 machine-hours and the actual level of activity for the year is assumed to be 74,900 machine-hours. All of the manufacturing overhead is fixed and both the estimated amount at the beginning of the year and the actual amount at the end of the year are assumed to be $5,700,640 per year. For simplicity, it is assumed that this is the estimated manufacturing overhead for the year as well as
the manufacturing overhead at capacity. It is further assumed that this is also the actual amount of manufacturing overhead for the year. If the company bases its predetermined overhead rate on capacity, what would be the cost of unused capacity reported on the income statement prepared for internal management purposes? A. $552,762 B. $848,618 C. $295,856 D. $583,020
Soundbites Corporation makes and markets cellphones. Soundbites's ad states that on its phones voices and text come through as "clear as the sky on a cloudless day.". The Federal Trade Com-mission would consider this claim
a. false and misleading. b. impermissibly vague and general. c. a deceptive half-truth. d. none of the choices.
Gathering information about applicants for a position and choosing the most appropriate applicant is called
A. recruitment. B. selection. C. orientation. D. evaluation. E. employing.
A real depreciation of the domestic currency hurts domestic ________ firms who must then compete against less expensive imports
A) exporting B) import-competing C) importing D) export-competing