As the owner of a business, Rodrigo needs fire insurance. His building is worth $984,000 and the contents are valued at $800,500. His agent placed the building in structural classification D and area rating 1. Use Table 19-4 in your text to calculate Rodrigo's total premium.
A. $8,005.00
B. $8172.00
C. $8,642.60
D. $8,760.30
Answer: B
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A resolution by the board of directors to set aside a part of the credit balance of the retained earnings account for a specific use is called
a. earnings retained in the business. b. an appropriation. c. a recapitalization. d. a deficit.
The saying, "the union makes us strong" best describes which school of thought:
A. Industrial Relations B. Human Resource Management C. Mainstream economics D. Critical industrial relations
Employees who moved from one country to the other to do their jobs are called:
a. Immigrants b. Ex country men c. Natives d. Expatriates
Groot Promotional Services uses a job order system for costing and billing promotional services for dance and ballet performances
Groot has four public relations specialists plus an office staff. At the beginning of the year, Groot estimated the total cost of salaries and benefits for the public relations specialists at $675,000 and a total of 7,500 billable hours for the year. All remaining office and administrative costs were estimated at $405,000. The allocation base for office and administrative costs is billable hours. In June, Groot signed a contract for a Russian ballet performance. It estimated the new contract would require 34 hours of specialist time. What is the total cost estimate for this contract? A) $1,836 B) $4,896 C) $3,060 D) $1,224