Which of the following is the cost of quality classification for costs such as scrap, rework, or repair?
A. Rework and wastage
B. Prevention costs
C. External failure costs
D. Appraisal costs
E. Internal failure costs
Answer: E
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Tony is given a company car to drive home daily. Tony has an auto accident on his way home one night. His employer:
A) will be liable since Tony was an agent. B) will be liable through respondeat superior. C) will not be liable because of the going and coming rule. D) will be liable unless there is assumption of risk.
[The following information applies to the questions displayed below.] Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year. Units produced this year 25,000unitsUnits sold this year 15,000unitsDirect materials$9per unitDirect labor$11per unitVariable overhead$3per unitFixed overhead$137,500in totalGiven Advanced Company's data, and the knowledge that the product is sold for $50 per unit and operating expenses are $200,000, compute the net income under absorption costing.
A. $205,000 B. $122,500 C. $80,500 D. $67,500 E. $55,000
Major source(s) of international commercial law is (are):
a. decisions of the Permanent Court of Commercial Justice b. commercial laws of individual countries c. trade agreements d. commercial laws of individual countries and trade agreements e. decisions of the Permanent Court of Commercial Justice and commercial laws of individual countries and trade agreements
The Board of Directors of Deerfield Corp has decided to distribute $550,000 to its stockholders. There are 75,000 shares of 8% preferred stock, $80 par value, and 25,000 shares of common stock. What is the dividend per share to be paid to common stockholders?
a. $2.80 b. $2.24 c. $5.12 d. $6.40