Which of the following is an example of secondary research carried out by a manufacturer of
cellular phones?
A) observational research carried out at retail outlets to discover why customers select
competitors' products
B) surveys carried out among the general public to find the most desired features in a
cellular phone
C) information obtained from competitors' weblogs to understand the products they
manufacture
D) information on customers' likes and dislikes collected from third-party after-sales service
personnel
C
You might also like to view...
All of the following are true statements regarding the Family and Medical Leave Act (FMLA, 29 U.S.C. §§ 2601, et seq.), EXCEPT which of the following?
a. An eligible employee is entitled to take 12 weeks of unpaid leave in any 12-month period. b. Every personal or family emergency qualifies for FMLA leave. c. Under most circumstances, the employer must reinstate employees when they return from leave. d. An eligible employee is entitled to take paid leave because of the birth of a son or daughter.
Which of the following statements is CORRECT?
A. The more depreciation a firm reports, the higher its tax bill, other things held constant. B. Because a firm's cash flow is shown as the lowest entry on the income statement, people often call it "the bottom line." C. Depreciation reduces a firm's cash balance, so an increase in depreciation would normally lead to a reduction in the firm's cash flow. D. Operating income is derived from the firm's regular core business. Operating income is calculated as Revenues less Operating costs. Operating costs do not include interest or taxes. E. Depreciation is not a cash charge, so it does not have an effect on a firm's reported profits.
Knipple Woodworking Corporation produces fine cabinets. The company uses a job-order costing system in which its predetermined overhead rate is based on capacity. The capacity of the factory is determined by the capacity of its constraint, which is an automated bandsaw. Additional information is provided below for the most recent month:?Estimates at the beginning of the month:??? Estimated total fixed manufacturing overhead$24,288?? Capacity of the bandsaw240 hours?Actual results:??? Sales$71,473?? Direct materials$10,400?? Direct labor$17,300?? Actual total fixed manufacturing overhead$24,288?? Selling and administrative expense$9,100? Actual hours of bandsaw use230hoursRequired:Prepare an income statement following the
Example in Appendix 2B in which any cost of unused capacity is directly recorded on the income statement as a period expense. What will be an ideal response?
Which of the following is not a legal obligation of an income tax return preparer?
A. A preparer must sign clients' tax returns. B. A preparer must endorse clients' refund checks. C. A preparer must furnish clients with copies of their returns. D. A preparer must include his or her identifying number on clients' tax returns.