Insuring a factory is classified as a(n) __________-level activity in an activity-based costing system
A) operations
B) batch
C) unit
D) facility
D
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Three activities (A, B, and C) have crash costs per hour of $75, $50, and $100, respectively. Which of these activities should be crashed first?
a. A b. B c. C d. Cannot be determined from the information given
Walter Co. declared a cash dividend. On the payment date of the dividend, its:
A. liabilities decreased and its common stock decreased. B. assets decreased and its stockholders' equity increased. C. assets decreased and its liabilities decreased. D. assets decreased and its stockholders' equity decreased.
Which of the following is included in the formalities of forming a corporation?
a. Corporation b. Creating a corporation by Estoppel c. Selection of a name d. Corporation
A business is any activity that:
a. attempts to earn a profit by providing goods and services to others b. provides any service to others c. has managers and employees d. attempts to earn a profit by providing goods to others e. is classified as a corporation