Income tax was $175,000 for the year. Income tax payable was $30,000 and $40,000 at the beginning and end ofthe year, respectively. Cash payments for income tax reported on the statement of cash flows using the directmethod is
a. $175,000
b. $165,000
c. $205,000
d. $215,000
b
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Christie, Barling, and Turner (2011) describe pseudotransformational leadership as ______.
A. strong inspirational motivation B. inspired leadership focused on follower development C. strong inspirational talent that is manipulative D. inspired leadership focused toward other leaders
If a firm adheres strictly to the residual dividend policy, and if its optimal capital budget requires the use of all earnings for a given year (along with new debt according to the optimal debt/assets ratio), then the firm should pay
A. the same dividend as it paid the prior year. B. no dividends to common stockholders. C. dividends only out of funds raised by the sale of new common stock. D. dividends only out of funds raised by borrowing money (i.e., issuing debt). E. dividends only out of funds raised by selling off fixed assets.
Carla, a manager at a restaurant, has the responsibility of scheduling workers and assigning projects during each shift. Employees who have performed poorly are often scheduled for the unpopular weekend shifts and the worst shift duties. In order to avoid this, most employees try to perform well. In this case, Erica seems to use a high degree of ________ power.
A) legitimate B) negative C) coercive D) referent E) expert
Harootunian Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours 80,000Total fixed manufacturing overhead cost$312,000Variable manufacturing overhead per machine-hour$2.10Recently, Job T629 was completed with the following characteristics: Number of units in the job 50Total machine-hours 200The estimated total manufacturing overhead is closest to:
A. $312,002 B. $480,000 C. $168,000 D. $312,000