Which of the following capacity levels has traditionally been used to compute the fixed overhead application rate?

a. expected annual
b. normal
c. theoretical
d. prior year


A

Business

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Listed below are steps of procuring materials for production: 1 . The receiving clerk checks the quantity and quality of incoming materials. 2 . The purchasing agent issue the purchase order to the vendor. 3 . The production floor supervisor issues a materials requisition. 4 . The storeroom clerk issues a purchase requisition. In which order would these events typically happen?

a. 3, 2, 4, 1 b. 3, 4, 2, 1 c. 2, 1, 3, 4 d. 4, 2, 1, 3

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________ is a measure of the strength of association used in tables larger than 2 × 2

A) coefficient of variation B) Cramer's V C) Phi coefficient D) Chi-square coefficient

Business

Which of the following actions would make Sarah liable for battery?

A. She publishes an article which calls for the current U.S. president to quit because she thinks he is not doing a good job. B. She extends the boundary of her plot of land encroaching two feet of her neighbor's plot. C. She smuggles marijuana into the country. D. She slaps her ex-husband because he denied her alimony.

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Depreciation expense is calculated using its cost, estimates of an asset's salvage value, and an estimated useful life.

Answer the following statement true (T) or false (F)

Business