The Uniform Division of Income for Tax Purposes Act uses which of the following factors to divide a company's income:
a. the percentage of a corporation's nationwide property located in the state
b. the percentage of a corporation's nationwide sales made to residents of the state c. the percentage of a corporation's nationwide payroll paid to residents of the state d. all of the other specific choices are correct
e. none of the other specific choices are correct
d
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External users of accounting information make the strategic and operating decisions of a company.
Answer the following statement true (T) or false (F)
A report by Business for Social Responsibility state that our global footprint now exceeds the world’s capacity to regenerate by about ________ percent, and if our current demands continue, by ___ we will need the equivalent of two planets to maintain our lifestyles.
a. 30, 2030 b. 30, 2025 c. 40, 2035 d. 40, 2025
The following is taken from Clausen Company's internal records of its factory with two operating departments. The cost driver for indirect labor is direct labor hours, and the cost driver for the remaining items is number of hours of machine use. Compute the total amount of overhead allocated to Dept. 2 using activity-based costing. Direct Labor Hours Machine Hours Operating Dept. 1 980 9,200 Operating Dept. 2 2,100 6,000 Totals 3,080 15,200 Factory overhead costs Rent and utilities $21,700 Indirect labor 17,300 Depreciation - Equipment 14,000 Total factory overhead $53,000
A. $11,795. B. $27,112. C. $26,500. D. $25,887. E. $14,092.
Which of the following database systems is not enterprise-class?
A) Microsoft SQL Server B) Microsoft Access C) Oracle Database D) IBM DB2