Oklahoma enacts a law requiring all businesses in the state to donate 10 per-cent of their profits to Protestant churches that provide certain services to persons whose income is below the poverty level. Price-LoMart files a suit to block the law's enforcement. The court would likely hold that this law violates
a. no clause in the U.S. Constitution.
b. the establishment clause.
c. the free exercise clause.
d. the supremacy clause.
B
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When using the direct method, how is the payment of a cash dividend shown on the statement of cash flows?
a. Operating activity b. Investing activity c. Financing activity d. Noncash investing and financing activity
Cross-elasticity is the percentage change in one product's sales due to a percentage change in a marketing variable for another product, such as price
Indicate whether the statement is true or false
Anger and being argumentative can be positive responses
Indicate whether the statement is true or false
Following is a partial process cost summary for Mitchell Manufacturing's Canning Department.Equivalent Units of ProductionDirect Materials Conversion Units Completed and transferred out 50,000 50,000 Units in Ending Work in Process: Direct Materials (15,000 × 100%) 15,000 Conversion (15,000 × 80%) 12,000 Equivalent Units of Production 65,000 62,000 Cost per Equivalent Unit Costs of beginning work in process $40,500 $59,700 Costs incurred this period 136,000 183,100 Total costs $176,500 $242,800 Cost per equivalent unit $2.71per EUP $3.92per EUP The total conversion costs transferred out of the Canning Department equals:
A. $176,150. B. $183,100. C. $243,040. D. $196,000. E. $242,800.