In the Milgram study of 1963, what proportion of volunteers would have obeyed the instruction to “kill” the subject?
a. 12%
b. 65%
c. 25%
d. 40%
b. 65%
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In 2016, Western Maryland Company paid $3,000,000 for a mining tract with reserves of 100,000 tons of ore, which the company planned to mine over a 20-year period. The company spent $500,000 developing the mine. Western plans to spend $200,000 for reclamation when mining has been completed, after which the land will have an estimated value of $600,000. In 2016, Western mined and sold 8,000 tons
of ore. What depletion should Western record for the year? A) $155,000 B) $248,000 C) $280,000 D) $296,000
At the end of the fiscal year, the balance in factory overhead is small. This balance would normally be ________
a. transferred to finished goods b. transferred to cost of goods sold c. allocated between work in process and finished goods d. allocated among work in process, finished goods, and cost of goods sold
Local, state, and federal governments use accounting information to calculate income taxes
Indicate whether the statement is true or false
Scenario 7.1 Use the following to answer the questions. Samsung is entering the home appliance market with its new French Door Refrigerator. In designing the production facility, it has a need for various pieces of equipment, including the perpetual assembly belt drive, quasi-assembly pods, and finishing stations. The purchasing agent for the appliance division is inquiring about who will be needed for input on the purchasing decision. Samsung has already contacted several producers of the quasi-assembly pods, and has begun negotiations with their sales representatives. Refer to Scenario 7.1. What type of business purchase is Samsung undertaking?
A. Modified rebuy B. Straight rebuy C. New-task D. Straight purchase E. New rebuy