In general, vertical price-fixing arrangements are intended to:
a. increase efficiency b. reduce efficiency
c. divide a market into geographical regions
d. control the price at which a product is sold to consumers e. increase competition
d
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In a manual payroll system,
a. the same information needs to be recorded several times; b. the total amount credited to Wages and Salaries Expense is less than under an electronic payroll system because the manual system is less expensive; c. accounting for payroll is more efficient than in an electronic payroll system; d. the reported information is more accurate than in an electronic payroll system; e. none of these statements are true.
Employers cannot prevent employees from entering the work premises if the employer
anticipates a strike. Indicate whether the statement is true or false
American jurists __________ and __________ defined law in a functional sense as predictions of the way that a court will decide specific legal questions
a. Roscoe Pound and Alexander Hamilton b. Blackstone and Austin c. Roscoe Pound and Benjamin Cardozo d. Oliver Wendell Holmes and Benjamin Cardozo
The Blaine Corporation is a highly automated manufacturer. At an activity level of 6,000 machine setups, total overhead costs equal $240,000. Of this amount, depreciation totals $80,000 (all fixed) and lubrication totals $72,000 (all variable). The remaining $88,000 of the total overhead cost consists of utility cost (mixed). At an activity level of 9,000 setups, utility cost totals $112,000.Assume that the relevant range includes all of the activity levels mentioned in this problem. The total fixed overhead costs for Blaine Corporation are most likely closest to:
A. $ 80,000 B. $ 40,000 C. $120,000 D. $112,000