Wages of machine operators and other workers involved in actually shaping the product are classified as indirect labor costs
Indicate whether the statement is true or false
False
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Which one of the following is a false statement regarding the Family Medical Leave Act of 1993?
A. It allows employees who become parents to take a leave of absence from work but not employees who adopt a child. B. It allows employees to take a leave of absence to care for an ill spouse. C. It requires employees to have worked for their current employer for 12 months before they are eligible for the leave of absence. D. It allows employees to take a leave of absence to care for an ill parent.
Gilligan Corporation was established on February 15, Year 1. Gilligan is authorized to issue 500,000 shares of $6.00 par value common stock. As of December 30, Year 1, Gilligan's stockholders' equity accounts report the following balances: Common stock, $6 par, 500,000 shares authorized 55,000 shares issued and outstanding$330,000 Paid-in capital in excess of par - Common 440,000 $770,000 Retained earnings 1,400,000 Total Stockholders' Equity $2,170,000 On December 31, Year 1, Gilligan decides to issue a 5% stock dividend. At the time of issue, the market price of the stock was $22 per share.What is the dollar value of the stock dividend issued by Gilligan Corporation?
A. $108,500 B. $60,500 C. $44,000 D. $16,500
Babson reported assets of $13,362 million at January 1 and $13,369 million as of December 31 of the current year. Babson's net cash flows from operations were $2,204 million. Calculate the cash flow on total assets ratio for Babson.
What will be an ideal response?
On a pro forma income statement, all values will increase by the same percentage as sales
increase. Indicate whether the statement is true or false