Under the U.S. Constitution, each branch of government limits some actions of the other branches.

Answer the following statement true (T) or false (F)


True

Business

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Braun Company produces two chemical compounds, Herzog and Lomax from a joint process. Joint costs to produce 500 gallons of Herzog and 300 gallons of Lomax were $80,000 . A by-product, Horst, results from the joint process and has a market value of $1,000 . Assuming Braun accounts for the by-product as a reduction in the costs assigned to the products, what are the joint costs assigned to Herzog?

a. $39,500 b. $49,375 c. $50,000 d. $40,000

Business

Martin Company decided to reward its employees with a bonus of 7% on annual net income, after deducting the bonus. The company reported net income of $513,600 before the calculation of the bonus. Prepare the journal entry to accrue employee bonus expense. Omit explanation.

What will be an ideal response?

Business

There are few, if any, options for adjusting capacity levels for managers involved in what planning level?

A) strategic planning B) operational planning C) tactical planning D) detailed planning and control

Business

European Union antitrust law does not apply to entities based outside of the European Union territory

Indicate whether the statement is true or false

Business