Based on 2015 tax schedules, the first dollar of personal taxable income is taxed at which of the following marginal tax rates:

a. 5.0%
b. 10.0%
c. 15.0%
d. 20.0%
e. 25.0%


B

Business

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Frederick Taylor's contributions to scientific management as an approach to management were significant because Taylor

A. created the Gantt chart, which helps managers plan projects by task and time to complete those tasks. B. developed a system to lower costs and increase worker productivity by showing how employees could work smarter, not harder. C. focused less on the technical and more on the human side of management. D. advocated the use of the differential piecerate system. E. believed that supervisors could be motivated to provide training to underperforming workers.

Business

[The following information applies to the questions displayed below.] Singleton Company's perpetual inventory records included the following information:Date Number of units and unit costTotal costJanuary 1Beginning inventory200 units @ $7.00$1,400 March 4Purchase150 units @ $8.00$1,200 September 28Purchase350 units @ $9.00$3,150 Number of units sold during the year: 520    If Singleton uses the FIFO cost flow method, its cost of goods sold would be $4,490.

Answer the following statement true (T) or false (F)

Business

If insurers have insufficient pricing information available for a particular exposure:

A) they go bankrupt B) they will need to create a larger risk pool C) they will probably be unwilling to provide insurance for that particular loss exposure D) they will assume more risk

Business

Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 400 units. The costs and percentage completion of these units in beginning inventory were: Cost PercentCompleteMaterials costs$5,700   65% Conversion costs$6,800   45% A total of 6,500 units were started and 5,900 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: CostMaterials costs$125,500 Conversion costs$207,000 The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs.The cost per equivalent unit for conversion costs for the first

department for the month is closest to: A. $33.12 B. $34.21 C. $35.92 D. $30.99

Business