The relevant cash flows for capital budgeting analysis are

A) incremental cash flows.
B) ordinary cash flows.
C) necessary cash flows.
D) consistent cash flows.


A

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Seal Financial Advisors provides accounting and finance assistance to customers in the retail business. Seal has four professionals on staff and an office with six clerical staff. Total compensation, including benefits, for the professional staff runs about $571,000 per year, and normal billable hours are 8100 hours per year. The professional staff keep detailed time sheets organized by client number. The total office and administrative costs for the year are $754,000. Seal allocates office and administrative costs to clients monthly, using a predetermined overhead allocation rate based on billable hours. What is the predetermined overhead allocation rate that Seal will use for office and administrative costs? (Round your answer to the nearest cent.) A) $93.09 per hour

A) $93.09 per hour B) $22.59 per hour C) $70.49 per hour D) $163.58 per hour

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The Revised Model Business Corporations Act states that a director is entitled to rely on information and reports provided or prepared by ________

A) a committee of directors of which the director is a part, if the committee merits confidence B) legal counsel or accountants in regard to matters that the director believes are within that professional's competence C) officers of a competing corporation who, the director reasonably believes, are reliable and competent D) employees of the Securities and Exchange Commission who are responsible for creating the proxy rules

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The United States Congress overwhelmingly ratified the Kyoto Protocol relating to multi-national reduction of greenhouse gases

a. True b. False Indicate whether the statement is true or false

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The management of a line that fills cereal boxes wants the box filled at 32.2 ounces. When the process is in control, the standard deviation is .1 ounces

a. Construct the upper and lower control limits for a 3-sigma x-bar chart using a sample size of five. b. The results from the last 10 samples follow. Is the process in control?

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