Jarrod argues that drinking alcohol increases the likelihood that one will also smoke. His argument related to drinking and smoking is an example of ______.
a. causation
b. correlation
c. mediation
d. definition
b. correlation
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Does the existence of conglomerates make financial performance evaluation easier or more difficult? Why?
Refusing to acknowledge a coworker when passing in the hall is an example of ______.
A. incivility B. bullying C. mobbing D. cyberbullying
If a company does not update the inventory and cost of goods sold accounts during the period, it means company is using:
A) the periodic inventory system. B) the perpetual inventory system. C) both the periodic and the perpetual inventory system. D) neither the periodic nor the perpetual inventory system.
Merati Corporation has two manufacturing departments--Forming and Assembly. The company used the following data at the beginning of the year to calculate predetermined overhead rates: FormingAssemblyTotalEstimated total machine-hours (MHs) 5,000 5,000 10,000Estimated total fixed manufacturing overhead cost$28,000$10,500$38,500Estimated variable manufacturing overhead cost per MH$1.80$2.60 During the most recent month, the company started and completed two jobs--Job B and Job L. There were no beginning inventories. Data concerning those two jobs follow: Job AJob LForming machine-hours 3,400 1,600Assembly machine-hours 2,000 3,000Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. The
departmental predetermined overhead rate in the Assembly Department is closest to: A. $2.60 B. $4.70 C. $2.10 D. $6.05