For demographic purposes, a mail survey sent out by the American Heart Association asks each respondent to identify their race by choosing among a list of possibilities. This common type of question is called a(n) ____ question.

A. dichotomous
B. multiple-choice
C. categorized
D. open-ended
E. optional response


Answer: B

Business

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The balance in Retained Earnings should be interpreted as representing surplus cash left over for dividends

a. True b. False Indicate whether the statement is true or false

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The declaration and issuance of a stock dividend does not affect the total amount of a corporation's assets, liabilities, or stockholders' equity

Indicate whether the statement is true or false

Business

Most companies receiving a claim message tend to A) ignore the first phone call, e-mail, or letter

B) respond only to letters containing complaints that could result in lawsuits or financial harm. C) respond promptly because they want to maintain customer goodwill and loyalty. D) wait two to six weeks to establish a "cooling-off period" prior to responding.

Business

Aqua? Primavera, Inc. has provided the following information for the year. What is the unit product cost using variable? costing?

Aqua? Primavera, Inc. has provided the following information for the year.
Units produced
14,000 units
Sales price
$300 per unit
Direct materials
$20 per unit
Direct labor
$30 per unit
Variable manufacturing overhead
$50 per unit
Fixed manufacturing overhead
$470,000 per year
Variable selling and administration costs
$70 per unit
Fixed selling and administration costs
$260,000 per year
What is the unit product cost using variable? costing?
A) $134
B) $100
C) $80
D) $50

Business