Determining worker schedules and possible overtime requirements occur during what type of capacity planning?
a. Short-range
b. Intermediate-range
c. Long-range
d. Extended-range
a. Short-range
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Which of the following applies to the clean surplus theory?
a. It is a theory that is applied to security valuation, but is not very attuned to accounting concepts and numbers. b. The theory values a firm’s equity based on the beginning of the period book value plus the present value of expected future abnormal earnings. c. The theory considers a firm’s abnormal earnings amount to be equal to its beginning of the period book value multiplied by the cost of equity capital. d. This theory does not tie in well with the FASB’s concept of comprehensive income.
Darren Corporation's Maintenance Department provides services to the company's two operating divisions - the Paints Division and the Stains Division. The variable costs of the Maintenance Department are budgeted based on the number of cases produced by the operating departments. The fixed costs of the Maintenance Department are budgeted based on the number of cases produced by the operating departments during the peak period. Data appear below:Maintenance Department: Budgeted variable cost$2per caseBudgeted total fixed cost$830,000 Paints Division: Percentage of peak period capacity required 30% Actual cases 20,000 Stains Division: Percentage of peak period capacity required 70% Actual cases 63,000 For performance evaluation purposes, how much Maintenance
Department cost should be charged to the Paints Division at the end of the year? A. $498,000. B. $289,000. C. $298,800. D. $240,000.
Which of the following would be a good place for a marketing analyst to start looking for published statistical data of the social, political, and economic organization of the United States?
A. Encyclopedia of Associations B. research files of The New York Times C. Congressional Record D. The Wall Street Journal E. Statistical Abstract of the United States
Trevor heard a burglar entering through a living room window. He grinned as he picked up his gun. Crouching behind the sofa in his darkened home, he ambushed and killed the intruder with several well placed shots. He then added another notch in his trusty side-arm. Trevor most probably
a. has exercised his constitutional right of self-defense. b. has acted legally, because the shooting took place inside his home. c. has acted legally if, but only if, the burglar was armed with a gun. d. is guilty of a homicide, or at least voluntary manslaughter.