Under the "danger invites rescue" doctrine, a person who tries to rescue another individual from harm is liable for any injuries to the individual.
Answer the following statement true (T) or false (F)
False
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Clemente Co. owned all of the voting common stock of Snider Co. On January 2, 2017, Clemente sold equipment to Snider for $125,000. The equipment cost Clemente $140,000. At the time of the transfer, the balance in accumulated depreciation was $40,000. The equipment had a remaining useful life of five years and a $0 salvage value. Both entities use the straight-line method of depreciation.At what amount should the equipment (net of depreciation) be included in the consolidated balance sheet dated December 31, 2018?
A. $110,000. B. $ 90,000. C. $ 60,000. D. $105,000. E. $100,000.
The administration of rules that give managerial discretion to managers while reinforcing the strength of centralized authorities because delegates know that their obligation is to act creatively within the system of authority is descriptive of ____________.
a. Power b. Hard Domination c. Soft Domination d. Dominatrix
Lotz Corporation has two manufacturing departments--Casting and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: CastingFinishingTotalEstimated total machine-hours (MHs) 2,000 8,000 10,000Estimated total fixed manufacturing overhead cost$10,200$19,200$29,400Estimated variable manufacturing overhead cost per MH$1.20$2.20 During the most recent month, the company started and completed two jobs--Job F and Job K. There were no beginning inventories. Data concerning those two jobs follow: Job FJob KDirect materials$14,400$7,100Direct labor cost$22,500$6,600Casting machine-hours 1,400 600Finishing machine-hours 3,200 4,800 Assume that the company uses departmental predetermined overhead rates with
machine-hours as the allocation base in both production departments. Further assume that the company uses a markup of 50% on manufacturing cost to establish selling prices. The calculated selling price for Job F is closest to: A. $60,440 B. $30,220 C. $90,660 D. $96,100
Which of the following is not a function of the U.S. Bureau of Customs and Border Protection?
A) Assessing and collecting tariff revenue B) Regulating the entry of products under quota C) Ensuring importer compliance with the Incoterms D) Supervising exports