Each year, the U.S. Army shoots an estimated 200 million rounds of lead bullets at target practice areas across the United States. Pentagon officials, in response to environmentalists' concerns over lead poisoning in the soil, have invested over $12 million to develop an environmentally safe tungsten bullet. This is an example of one of the outcomes of ________.
A. Naderism
B. marketing ethics
C. consumerism
D. cause marketing
E. self-regulation
Answer: C
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State Street Digital Company starts the year with $3500 in its Estimated Warranty Payable account. During the year, there were $213,000 in sales and $4900 in warranty repair payments. State Street Digital estimates warranty expense at 4% of sales. The Warranty Expense for the year is ________.
A) $8520 B) $4900 C) $3500 D) $7120
Lopar Company uses a predetermined overhead rate based on direct labor dollars. Lopar Company estimated that its 2010 overhead would total $938,000 and that 2010 direct labor costs would be $670,000 . During 2010, actual overhead costs were $960,000, and actual direct labor costs were $700,000 . By how much was Lopar's overhead over- or underapplied?
a. $20,000 overapplied b. $20,000 underapplied c. $18,000 overapplied d. $10,000 underapplied
After Bretton Woods, the major currencies floated in the currency markets, with their value determined by ______________.
Fill in the blank(s) with the appropriate word(s).
In what environment can companies not rely on planning years ahead but rather need experimentation to stay abreast of innovation?
a. In a macroeconomic environment b. In a competitive environment c. In a high-velocity environment d. In a stable environment