Which of the following statements is true with regard to activity-based costing rates?
A) The premise of ABC is that activities are what cause costs to be incurred.
B) ABC is another way to refer to a multiple departmental rate situation.
C) There one basic stage to ABC.
D) ABC is simpler and less expensive to implement than other traditional methods of allocating overhead costs.
E) All cost drivers used to determine the rates will be unit-level drivers.
A) The premise of ABC is that activities are what cause costs to be incurred.
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The following selected transactions took place during the current year for a company: Feb 25Declared a $2.50 per share cash dividend on 20,000 shares of common stock outstandingMar. 20Paid the cash dividends declared on Feb. 25.Dec 31Closed the $72,000 credit balance in Income Summary that reflects net income to Retained Earnings.(a) Prepare the journal entries for these transactions.(b) If Retained Earnings had a $155,000 credit balance on January 1, calculate its year-end balance as of December 31.
What will be an ideal response?
When making contact with an unrepresented person, it is wrong for a paralegal/legal assistant to deceive the unrepresented person by implying __________.
Fill in the blank(s) with the appropriate word(s).
In hypothesis testing, if the null hypothesis has been rejected when the alternative hypothesis has been true, _____
a. a Type I error has been committed b. a Type II error has been committed c. either a Type I or Type II error has been committed d. the correct decision has been made
The fifth step in segmenting and targeting markets that link customer needs to marketing actions is to ________.
A. group products to be sold into categories B. develop a market-product grid and estimate size of the overall market C. take marketing actions to reach target markets D. group potential buyers into segments E. select target markets