Investing activities do not include the:

A. Issuance of common stock.
B. Purchase of plant assets.
C. Sale of short-term investments other than cash equivalents.
D. Lending and collecting on notes receivable.
E. Sale of plant assets.


Answer: A

Business

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The standard costs and actual costs for factory overhead for the manufacture of 2,500 units of actual production are as follows:

Standard Costs:| Fixed overhead (bases on 10,000 hrs) 3 hrs. per unit @ $0.80 per hr. Variable overhead 3 hrs. per unit @ $2.00 per hr. Actual Costs: Total variable cost $18,000 Total fixed cost $ 8,000 The fixed factory overhead volume variance is $2,000 unfavorable

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Comprehensive income includes all except:

A. Unrealized gains and losses on long-term available-for-sale securities. B. Gains and losses reported in the income statement. C. Dividends paid to shareholders. D. Revenues and expenses reported in the income statement. E. All changes in equity for a period except those due to investments and distributions to owners.

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A useful clue about an organization's culture is

A. found by seeing who is hired and who is fired. B. environmental scanning. C. the macroenvironment. D. information printed in the media. E. the industrial environment.

Business