The Racketeer Influenced and Corrupt Organizations (RICO) Act is a product of:
A) Congress
B) international trade agreements.
C) state law.
D) the Constitution.
A
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Analysts concerns with postretirement benefits include all of the following except:
a. should the underfunded postretirement benefit obligation be added to liabilities in assessing risk? b. How reasonable are the firms' assumptions regarding health care cost increases? c. Is the postretirement benefit fund adequately paying benefits. d. Is the postretirement benefit fund generating returns consistent with the expected rate of return?
When posting entries from a purchases journal to the general ledger, ________.
A) posting references are not shown in the subsidiary ledger B) the Accounts Payable balance in the general ledger will be less than the sum of the individual vendor balances in the subsidiary ledger C) the amounts in the Other Accounts DR column are posted individually to the specific accounts D) entries are posted on a daily basis for all the accounts
According to egoism, an ethical system,
A. the greatest good for the greatest number should be the overriding concern of decision makers. B. individual self-interest is the actual motive of all conscious action. C. ethical behavior is based on the opinions and behaviors of relevant other people. D. the welfare of the underprivileged should be the overriding concern of decision makers. E. all people should uphold certain values that society needs to function.
Wasilko Corporation produces and sells one producta.The budgeted selling price per unit is $114. Budgeted unit sales for February is 9,900 units. b.Each unit of finished goods requires 6 pounds of raw materials. The raw materials cost $4.00 per pound. c.The direct labor wage rate is $24.00 per hour. Each unit of finished goods requires 2.4 direct labor-hours. d.Manufacturing overhead is entirely variable and is $9.00 per direct labor-hour. e.The variable selling and administrative expense per unit sold is $1.60. The fixed selling and administrative expense per month is $70,000. The estimated net operating income (loss) for February is closest to:
A. $91,080 B. $21,080 C. $50,000 D. $36,920