Brown Corporation purchased all of the stock of Gremlin Corporation. The appraisal remedy is not available to a dissenting shareholder of Brown Corporation
a. True
b. False
Indicate whether the statement is true or false
True
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A ____ is derived from the interview process (or written survey)
A) work distribution matrix B) activity explanation matrix C) driver consumption matrix D) value analysis matrix E) tracing matrix
The four levels of managers found in large organizations are
A. marketing, accounting, human resource, and finance. B. planning, coordinating, controlling, and executing. C. international, national, regional, and local. D. technical, functional, departmental, and organizational. E. top-level, middle-level, frontline, and team leader.
Any ambiguity in a contract is interpreted against the party who drafted the contract
Indicate whether the statement is true or false
Ronson Corporation has two manufacturing departments--Casting and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: CustomizingTotalEstimated total machine-hours (MHs) 5,000 5,000 10,000Estimated total fixed manufacturing overhead cost$27,500$10,500$38,000Estimated variable manufacturing overhead cost per MH$1.70$2.60 During the most recent month, the company started and completed two jobs--Job C and Job G. There were no beginning inventories. Data concerning those two jobs follow: Job CJob GDirect materials$10,600$6,800Direct labor cost$23,700$87,900Casting machine-hours 3,400 1,600Customizing machine-hours 2,000 3,000Assume that the company uses a plantwide predetermined manufacturing overhead
rate based on machine-hours. The amount of manufacturing overhead applied to Job C is closest to: A. $20,520 B. $20,230 C. $32,130 D. $11,900