In general, firms that are subject to a high degree of ________, relatively short production cycles, or both, tend to use shorter planning horizons
A) profitability
B) financial certainty
C) operating uncertainty
D) financial planning
C
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After all activity costs are accumulated in an activity cost pool account, overhead rates are computed and costs are allocated to cost objects based on:
A. Cost drivers. B. Joint cost principles. C. Direct factors. D. Opportunity cost principles. E. Indirect factors.
A firm makes what type of plans to accommodate unforeseen changes and forecast errors?
a. Continual b. Contingency c. Conclusive d. Contextual
Statutes are laws enacted by Congress and the state legislatures and comprise one of the sources of American law
a. True b. False Indicate whether the statement is true or false
Mr. and Mrs. Dell, ages 29 and 26, file a joint return and have no dependents for the year. Here is their relevant information: Standard Deduction Table. Salaries$163,000Dividend income 1,900Above-the-line deductions 6,200Itemized deductions 26,200Compute their adjusted gross income (AGI) and taxable income.
A. AGI $164,900; taxable income $8,500 B. AGI $158,700; taxable income $108,500 C. AGI $158,700; taxable income $132,500 D. AGI $164,900; taxable income $134,700