Activity-based budgeting:
A) builds a budget for each function.
B) classifies costs as variable or fixed with respect to the activity output measure.
C) identifies only the overhead activity.
D) all of these.
B
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Land held for speculative purposes should be classified as a long-term investment
Indicate whether the statement is true or false
Deferred income taxes arise when
a. a revenue item is not subject to income taxes. b. there is a discrepancy between financial reporting requirements and income tax filing requirements. c. a corporation is able to obtain an extension on its income tax filing. d. an expense is not deductible for tax purposes.
Heavy Equipment Inc stores its tractors, graders, trucks, and dozers in buildings surrounded by a fence on land that the company owns. The fence and the wall of one of the buildings leans onto adjacent land that Indigo County Airport owns. Most likely, this violates the airspace rights of
a. Heavy Equipment. b. Indigo County. c. individuals who seed clouds and produce rain aritficially. d. commercial and private planes that fly over the property.
The utilization is:
A crew of mechanics at the Department of Transportation garage make minor repairs to snowplows during the winter. The snowplows break down at an average rate of 4 vehicles per day and breakdowns are distributed according to the Poisson distribution. The mechanic can service an average of 7 vehicles per day with a repair time distribution that approximates a negative exponential distribution. Assume an 8 hour day. A) .30. B) .45. C) .57. D) .85.