For tax purposes, a partner who receives retirement payments ceases to be regarded as a partner
A) on the last day of the taxable year in which the partner retires.
B) on the last day of the month in which the partner retires.
C) on the day on which the partner retires.
D) only after the partner's last payment is received.
D) only after the partner's last payment is received.
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Which of the following is true about the doctrine of res ipsa loquitur?
A. It offers protection to those who are injured while making a reasonable attempt to rescue someone endangered by the negligent person's act. B. It says that an act of negligence and a criminal offense should be treated with the same weight. C. It puts the burden on the plaintiff to show that the injury was not caused by his or her negligence. D. It is applicable to cases where the defendant has exclusive control of the thing that caused the injury and is reluctant to disclose facts that prove liability.
Washburn Corporation produces flat-screen computer monitors. Consider the following selected costs that arose during the current year: 1. Direct materials used: $3,640,0002. Plant rent, utilities, and taxes: $1,229,0003. New technology design engineering: $2,040,0004. Materials receiving: $318,0005. Manufacturing-run/set-up charges: $115,0006. Equipment depreciation: $92,0007. General management salaries: $1,564,000Required: A. Briefly distinguish between batch-level and facility-level activities.B. Determine the cost of the firm's unit-level, batch-level, product-sustaining, and facility-level activities.
What will be an ideal response?
Sweet Dreams manufactures candy. Its records revealed the following data: Number of units produced 4,000 Standard direct labor hours per unit 2 Standard variable overhead rate $2.50 per hour Standard fixed overhead rate $5.00 per hour Budgeted fixed overhead costs $40,800 Actual variable overhead costs $16,800 Actual fixed overhead costs $40,400 Actual labor hours 8,000 direct labor hours Total
actual overhead $57,200 The total fixed overhead variance is a. $800 (F). b. $800 (U). c. $400 (U). d. $400 (F).
Setting organizational goals and objectives and preparing a budjet are aspects of control
a. before an event. b. before, during and after an event. c. during an event. d. after an event.