A(n) ________ is a party who is unintentionally benefited by other people's contracts.
A. incidental beneficiary
B. intended third-party beneficiary
C. sub-assignor
D. obligee
Answer: A
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Western Company allocates $10 overhead to products based on the number of machine hours used. The company uses a plantwide overhead rate with machine hours as the allocation base. Given the amounts below, how many machine hours does the company expect in department 2?Estimated:Department 1Department 2Manufacturing overhead costs$250,000 $150,000 Direct labor hours 8,000DLH 12,000DLHMachine hours 15,000MH ?MH
A. 25,000 MH B. 33,000 MH C. 88,000 MH D. 82,500 MH E. 137,500 MH
Income that comes from wages or a business is called
A) investment income. B) active income. C) passive income. D) portfolio income.
Grantly Seafood is a calendar year taxpayer. In 2019, a hurricane destroyed three of Grantly's fishing boats with a $784,500 aggregate adjusted tax basis. On October 12, 2019, Grantly received a $1.2 million reimbursement from its insurance company. What is the latest date that Grantly can replace the boats to avoid gain recognition from the involuntary conversion?
A. October 11, 2021 B. December 31, 2020 C. December 31, 2019 D. December 31, 2021
________ is a standard for exchanging structured information over the Web
A) Extensible Markup Language B) JavaScript C) MySQL D) Active Server Pages E) Unified Modeling Language