Pacific Gas and Electric (PG&E) Company has donated almost $300,000 to 58 local governments and community-based organizations for local economic development projects. Recipients of these grants include the San Benito County Economic Development Corporation's Business Outreach Program, the San Jose Conservation Corps' Hennessy Place Affordable Single-Family Housing Project, and Mariposa County's Business Development Training Program. This sort of donation indicates PG&E was operating at a(n) _____ responsibility level of the pyramid of corporate social responsibility.
A. legal
B. philanthropic
C. ethical
D. economic
E. cultural
Answer: B
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Which of the following inventory valuation methods minimizes income tax expense during a period of rising inventory costs?
A) first-in, first-out B) last-in, first-out C) weighted-average D) specific identification
Cultural stereotypes are dangerous except to suggest plausible behaviors
Indicate whether the statement is true or false.
A probability distribution of all possible values of a sample statistic is known as
A. a sample statistic. B. a parameter. C. simple random sampling. D. a sampling distribution.
Haffner Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory 500 Materials costs$7,800 Conversion costs$9,100 Percent complete with respect to materials 85%Percent complete with respect to conversion 55%Units started into production during the month 7,000 Units transferred to the next department during the month 6,100 Materials costs added during the month$102,700 Conversion costs added during the month$184,000 Ending work in process inventory: Units in ending work in process inventory 1,400 Percent complete with respect to materials 60%Percent complete with
respect to conversion 50% The total cost transferred from the first processing department to the next processing department during the month is closest to: A. $332,835 B. $270,706 C. $287,100 D. $304,000