A comparison of union membership in the private sector with union membership in the public sector shows that:
a. the percentage of workers belonging to unions is virtually identical in the two sectors.
b. a much higher percentage of workers in the private sector belongs to unions.
c. a much higher percentage of workers in the public sector belongs to unions.
d. while a slightly greater percentage of workers in the private sector currently belongs to unions, public sectorunions are growing at a much faster rate.
c
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Temporary investments are reported on the balance sheet at cost
Indicate whether the statement is true or false
Which of the following should be shown on a statement of cash flows under the financing activity section?
A) the purchase of a long-term investment in the common stock of another company B) the payment of cash to retire a long-term note C) the proceeds from the sale of a building D) the issuance of a long-term note to acquire land
During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $5 per unit, Direct labor, $3 per unit, Variable overhead, $4 per unit, and Fixed overhead, $250,000. The company produced 25,000 units, and sold 20,000 units, leaving 5,000 units in inventory at year-end. Income calculated under variable costing is determined to be $315,000. How much income is reported under absorption costing?
A. $565,000 B. $365,000 C. $290,000 D. $315,000 E. $265,000
Which of the following statement(s) is true concerning the Montreal Protocol on Substances that Deplete the Ozone Layer?
a. The United States and 23 other countries signed it. b. It was not signed by the United States but was signed by 23 other countries. c. It is a treaty that requires all signatories to reduce their production and consumption of all chemicals. d. It is a treaty that requires all signatories to reduce their production and consumption of only CFC's. e. The United States and 23 other countries signed it as a treaty requiring all signatories to reduce their production and consumption of all chemicals.