A spin-off is a
a. pro-rata distribution of new equity claims on a subsidiary to the parent's shareholders.
b. sale of a division for cash to another firm.
c. tax-driven sale of depreciation rights to another firm.
d. sale of patent rights (e.g., for a pharmaceutical drug) to another firm.
A
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An advantage of the partnership form of business organization is
a. unlimited liability b. mutual agency c. ease of formation d. limited life
After talking with his supervisor, Clayton likes to review the message and evaluate what was really being said. Clayton is engaging in
a. empathetic listening. b. critical listening. c. informational listening. d. passive listening.
Which of the following is a communal characteristic?
A. sensitivity B. confidence C. assertiveness D. rationality
Sullen Corporation uses a predetermined overhead rate base on machine-hours that it recalculates at the beginning of each year. The company has provided the following data for the most recent year.?Predetermined overhead rate$14.30per machine-hour?Estimated total fixed manufacturing overhead from the beginning of the year$572,000??Estimated activity level from the beginning of the year40,000machine-hours?Actual total fixed manufacturing overhead$605,000??Actual activity level36,700machine-hoursRequired:Determine the amount of manufacturing overhead that would have been applied to all jobs during the period.
What will be an ideal response?