What was constitutionally wrong with the original information given to the nonmember employees?
The information on the 5 percent admittedly spent on noncollective bargaining matters did not give adequate disclosure of the reasons why they were required to pay a share of 95 percent. Moreover, they had to object in order to receive the inadequate information.
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Which of the following is not a characteristic of a true lease?
a. Government agencies recognized the lessee as the owner of the leased asset. b. The rentals charged under leasing plans without an option to purchase approximate the rentals charged under plans with such an option. c. The lessor retains the right to inspect the equipment during the term of the lease. d. There is no mention of interest as a factor in rental charges.
In sales variance analysis, the budgeted amount of unit sales is the predicted activity level and the budgeted cost of the goods sold can be treated as a "standard" price.
Answer the following statement true (T) or false (F)
Kalp Corporation has two production departments, Machining and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Machining Department's predetermined overhead rate is based on machine-hours and the Finishing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: MachiningFinishingMachine-hours 19,000 12,000Direct labor-hours 2,000 8,000Total fixed manufacturing overhead cost$136,800$69,600Variable manufacturing overhead per machine-hour$1.80 Variable manufacturing overhead per direct labor-hour $3.20 During the current month the company started and finished Job K928. The following data were
recorded for this job: Job K928:MachiningFinishingMachine-hours 90 10Direct labor-hours 30 50Direct materials$775$415Direct labor cost$630$1,050The amount of overhead applied in the Machining Department to Job K928 is closest to: A. $810.00 B. $162.00 C. $171,000.00 D. $783.00
Daniels, Inc has assets valued at $2 million and 50,000 outstanding shares. A 5-year zero-coupon bond exists, which pays $400,000 at maturity. The bond is convertible into 10,000 shares. Assume ? = 0.30, r = 0.055, and no dividend is paid
What is the value of the bond? A) $402,672 B) $452,172 C) $415,022 D) $385,172