Personnel fringe benefits are an example of a(n) ____ cost.
A. direct cost
B. indirect cost
C. intangible cost
D. nonrecurring cost
Answer: B
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When the dependent variable is binary and there is one independent variable that is nonmetric, in addition to two-group discriminant analysis one can also use OLS regression, logit, and probit models for estimation
Indicate whether the statement is true or false
C-V-P analysis assumes fixed cost:
a. Will remain constant from one period to the next. b. Vary directly with volume. c. Remain constant as volume changes. d. Per unit will remain constant as volume changes.
The number of nurses and doctors that a hospital may need on any given day depends not only on the number of patients but also on the types of patient care required. This is an illustration of which of the following statements?
A. Services cannot be inventoried. B. Services have low demand volatility. C. Services require skilled labor. D. Capacity required for services is hard to predict.
Kabuo and Melinda got married on December 15, Year 1. Kabuo's salary for the year was $54,000, and Melinda's was $62,000. In addition, Kabuo received $250 of interest income, ($100 of which was from municipal bonds), and Melinda received $10,000 of alimony from a former spouse (pre-2019 divorce decree). If Kabuo and Melinda choose to file jointly, what is their Year 1 gross income?
What will be an ideal response?