A company reported operating expenses of $320,000 . Depreciation expense was $14,000, prepaid insurance decreased $4,000, and salaries payable increased by $1,000 . How much cash was paid for operating expenses?
a. $337,000
b. $303,000
c. $301,000
d. $329,000
e. $329,000
c
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An individual can generally receive a tax deduction for contributions to which type of not-for-profit organization?
A. 501(c)(1) organization. B. 501(c)(3) organization. C. Any not-for-profit organization granted tax exemption by the IRS. D. 527 organization.
Stopyra Incorporated makes a single product-a cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted variable manufacturing overhead$28,200 Budgeted fixed manufacturing overhead$89,280 Budgeted hours 12,000labor-hours Actual production (a) 16,000unitsStandard hours per unit (b) 0.60labor-hoursStandard hours allowed for the actual production (a) × (b) 9,600labor-hours Actual variable manufacturing overhead$26,967 Actual fixed manufacturing overhead$74,280 Actual hours 8,900labor-hoursThe fixed overhead budget variance is:
A. $15,000 U B. $2,856 U C. $15,000 F D. $2,856 F
Which of the following promotion categories is most likely to use the promotion tools of press releases, sponsorships, events, and Web pages?
A) sales promotion B) direct marketing C) advertising D) public relations E) horizontal diversification
Employee compensation payments added to base salaries because of higher expenses encountered when living abroad are considered ________.
Fill in the blank(s) with the appropriate word(s).