Where would you suggest Xavier look for information about possible franchise opportunities?
A. Barron's Weekly
B. Inc, Entrepreneur, or the Wall Street Journal
C. the Small Business Administration
D. local newspapers
Answer: B
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A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $360,000 and direct labor hours would be 45,000. Actual manufacturing overhead costs incurred were $377,200, and actual direct labor hours were 46,000. What is the predetermined overhead rate per direct labor hour?
A) $8.00 B) $8.20 C) $8.38 D) $7.83
Which of the following best describes an entrepreneur?
A. a person who forms and operates a business B. a person who invests in an existing business C. a person who lends capital to a new business D. a person who derives a profit from a new or an existing business
For most employees a simple list of "dos and don't's" are enough to maintain ethical behavior, and ethical training would be redundant.
Answer the following statement true (T) or false (F)
Following are the fair market values of Wilma's assets at her date of death:Personal effects and jewelry$150,000Land which Wilma bought and held as a jointtenant with right of survivorship with her sister800,000The executor of Wilma's estate did not elect the alternate valuation date. The amount includible in Wilma's gross estate is
A. $950,000. B. $550,000. C. $150,000. D. $800,000.