Which form of finance is concerned with government taxation, borrowing, and spending?
A. personal finance
B. corporate finance
C. public finance
D. financial markets
C. public finance
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The accounting records of Omar Corporation contained the following information for last year: BeginningEndingDirect materials inventory$9,000 $7,000 Work in process inventory$17,000 $31,000 Finished goods inventory$10,000 $15,000 Manufacturing Costs IncurredDirect materials used$72,000Overhead applied$24,000Direct labor cost (10,000 hours)$80,000Depreciation$10,000Rent$12,000Taxes$8,000Unadjusted cost of goods sold (does not includeoverapplied or underapplied overhead)$157,000 Selling, General, andAdministrative Costs IncurredAdvertising$35,000 Rent$20,000 Clerical$25,000 If Omar Corporation applies overhead to jobs on the basis of direct labor-hours and Job 3 took 120 hours, how much overhead should be applied to that job?
A. $288 B. $360 C. $528 D. $960
Bodies of water coincide with:
A. reduced levels of temperate climates. B. higher levels of pollution. C. reduced manufacturing and increased tourism. D. densely populated areas along seacoast, lakes, and rivers.
Annette spends some more time looking into the kitchen burns at The Burger Joint. She realizes that instead of focusing on the employee’s motivations, she can look into the physical appliances themselves for safety concerns. She realizes that the installment of additional appliance safety features could be the answer that she is looking for. After a few months with the new appliance safety features installed, her kitchen injuries went down by 75%. Annette completed which step in the decision-making model?
a. Generate multiple alternatives b. Identify and weigh decision criteria c. Choose, implement and evaluate the best alternative d. Rate alternatives on the basis of decision criteria
Which of the following is a feature of an S Corporation?
A. An S Corporation is required to have more than 100 stockholders. B. An S Corporation is required to have more than one type of stock outstanding. C. The income of an S Corporation is taxed as capital gains to the owners. D. The income of an S Corporation is taxed twice, at the corporate level and the owner level. E. The income of an S Corporation is taxed the same as income earned by proprietorships and partnerships.