GR8 Skates Company makes and sells a pair of skates to Homer. GR8 fails to exercise "due care" to make the skates safe, and Homer is injured as a result. GR8 is most likely liable for
A. assumption of risk.
B. knowledgeable use.
C. negligence.
D. foreseeable misuse.
Answer: C
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The management of Plitt Corporation would like to investigate the possibility of basing its predetermined overhead rate on activity at capacity. The company's controller has provided an example to illustrate how this new system would work. In this example, the allocation base is machine-hours and the estimated amount of the allocation base for the upcoming year is 52,000 machine-hours. Capacity is 65,000 machine-hours and the actual level of activity for the year is assumed to be 58,000 machine-hours. All of the manufacturing overhead is fixed and both the estimated amount at the beginning of the year and the actual amount at the end of the year are assumed to be $592,800 per year. It is assumed that a number of jobs were worked on during the year, one of which was Job Q20L which required
360 machine-hours.If the company bases its predetermined overhead rate on the estimated amount of the allocation base for the upcoming year, then the predetermined overhead rate is closest to: A. $10.22 per machine-hour B. $11.40 per machine-hour C. $8.18 per machine-hour D. $9.12 per machine-hour
What is the desired effect of the implementation of an HRIS on the three types of HR activities?
What will be an ideal response?
Amy heads the legal staff of a large property and liability insurance company. Amy's staff is likely involved in which of the following activities?
A) reviewing investment options for the insurer's assets B) reviewing language and policy provisions in insurance contracts C) calculating premiums to be charged for the insurer's products D) reviewing applications to determine if the company should insure the risk
If A and B are independent events with P(A) = .05 and P(B) = .65, then P(A | B) = _____
a. .05 b. .0325 c. .65 d. .8