Generally, the lower the risk, the higher the return that can be expected.
Answer the following statement true (T) or false (F)
False
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Among the following ad campaigns, frequency would be highest for:
A) six 15-second television spots B) one 45-second television spot C) five 30-second television spot D) four 15-second television spots
Ahlheim Corporation has two production departments, Forming and Assembly. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Forming Department's predetermined overhead rate is based on machine-hours and the Assembly Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: FormingAssemblyMachine-hours 16,000 15,000Direct labor-hours 2,000 6,000Total fixed manufacturing overhead cost$102,400$55,200Variable manufacturing overhead per machine-hour$2.30 Variable manufacturing overhead per direct labor-hour $4.50 During the current month the company started and finished Job T924. The following data were recorded
for this job: Job T924:FormingAssemblyMachine-hours 70 20Direct labor-hours 30 40Direct materials$870$385Direct labor cost$630$840The estimated total manufacturing overhead for the Forming Department is closest to: A. $309,867 B. $139,200 C. $36,800 D. $102,400
There can be ratification of an act done in the name of a corporation that was not in existence when the act was done.
Answer the following statement true (T) or false (F)
If a corporation has issued common stock at various prices that exceed par value, legal capital will be made up of the
A) par value of the shares issued. B) total stockholders' equity plus total liabilities. C) total amount of contributed capital. D) total amount of contributed capital plus retained earnings.