Vandalay Industries has 10,000 shares of treasury stock which it purchased for $10/share. It later resold 3,000 of those shares for $18/share. The amount to be credited to Paid-in Capital–Treasury Stock is:
A) $80,000.
B) $100,000.
C) $54,000.
D) $24,000.
D) $24,000.
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Under current tax law, a taxpayer has a choice of immediately deducting or capitalizing and amortizing current year research costs. When weighing this decision, the taxpayer should consider
A. current and future marginal tax rates. B. time value of money. C. expiring tax deduction carryovers. D. all of the above.
Because people dress so differently, most dress codes have to discriminate in some way against men or women.
Answer the following statement true (T) or false (F)
Ethics, in the context of business practitioners:
a. has to do with rules or standards governing the conduct of members of a profession and how standards are put into action within an organization b. has to do with only rules governing interactions with other corporations c. has to do with federal regulations about racial discrimination d. all of the other specific choices e. none of the other specific choices
A furniture manufacturer uses a standard costing system in which standard machine-hours (MHs) is the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: Denominator level of activity 1,400MHsOverhead costs at the denominator activity level: Variable overhead cost$12,040 Fixed overhead cost$17,360 The following data pertain to operations for the most recent period: Actual hours 1,300MHsStandard hours allowed for the actual output 1,440MHsActual total variable manufacturing overhead cost$11,440 Actual total fixed manufacturing overhead cost$18,560 The predetermined overhead rate is closest to:
A. $21.43 per hour B. $21.00 per hour C. $22.62 per hour D. $23.08 per hour