Congress enacted legislation in 1933 to regulate the securities industry and prohibit various forms of fraud with securities. The Securities Exchange Act of 1934 was passed a year later. This law created the Securities and Exchange Commission (SEC) as an independent regulatory entity whose function is to administer the two laws. The SEC has generated rules and regulations to administer these
acts. These rules and regulations are
A) statutes.
B) administrative law.
C) executive orders.
D) common law.
B
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Zwahlen Corporation has an activity-based costing system with three activity cost pools--Processing, Setting Up, and Other. Costs in the Processing cost pool are assigned to products based on machine-hours (MHs) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the Other cost pool are not assigned to products. Data concerning the two products and the company's costs and activity-based costing system appear below:Activity Cost Pools Processing$57,000?Setting Up$14,500?Other$29,100? MHsBatchesProduct D78600?500?Product H012,600?1100?Total21,200?1600?? Product D7Product H0Sales (total)$218,300?$304,100?Direct materials (total)$73,200?$145,800?Direct labor (total)$106,460?$96,800??Required:a.
Calculate activity rates for each activity cost pool using activity-based costing.Activity Cost PoolsActivity RateMachining?per MHSetting up?per batchb. Determine the amount of overhead cost that would be assigned to each product using activity-based costing. ?Amount of Overhead CostProduct K0?Product W9?c. Determine the product margins for each product using activity-based costing.?Product MarginProduct K0?Product W9? What will be an ideal response?
A person cannot be both an employee and an agent for a party at the same time
Indicate whether the statement is true or false
Which of the following is not a characteristic for a normal distribution?
a. It is symmetrical. b. The mean is always zero. c. The mean, median, and mode are all equal. d. It is a bell-shaped distribution.
The confidence level that is considered to be the standard amongst statisticians is ____________________%
Fill in the blank(s) with correct word