Par value
a. is established for a share of stock after it is issued.
b. is the legal capital established for a share of stock.
c. represents what a share of stock is worth.
d. represents the original selling price for a share of stock.
B
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The budget assumes that 60% of commission expenses are paid in the month they are incurred and the remaining 40% are paid one month later. In addition, 50% of salaries expenses are paid in the same month, and the remaining 50% are paid one month later. Miscellaneous expenses, rent expense, and utilities expenses are assumed to be paid in the same month in which they are incurred. Insurance has been paid in advance for the year on January 1. Calculate total budgeted cash payments for selling and administrative expenses for the month of April.
A manufacturing company's budgeted income statement includes the following data:
A) $52,000
B) $60,500
C) $57,900
D) $64,700
Which of the following observations is true of Type B semi-variable costs?
a. They vary continuously, but not in direct proportion to volume changes. b. They are also known as step-fixed costs. c. The costs will plateau before another cost change occurs. d. The cost increases are not continuous.
Which of the following names is NOT a brand of Web conferencing software?
a. Go-to-Meeting b. Microsoft Office Live c. Yahoo! Meetings d. Yugma
The doctrine that prevents the relitigation of an issue decided in a prior case is called:
a. res judicata b. collateral estoppel c. equitable estoppel d. laches