A term in UML that describes a naturally occurring relationship between specific things is called a(n) _______

Fill in the blank(s) with correct word


association

Business

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Any effort by the Federal Trade Commission (FTC) to evaluate expected deceptive marketing practices would be seriously flawed because it would mean punishing business on the basis of what the FTC thinks might happen rather than on what actually does happen.

Answer the following statement true (T) or false (F)

Business

Ashe Corporation has two manufacturing departments--Machining and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: ?Machining  CustomizingTotalEstimated total machine-hours (MHs) 1,000 4,000 5,000Estimated total fixed manufacturing overhead cost$4,700$9,200$13,900Estimated variable manufacturing overhead cost per MH$1.10$2.60   During the most recent month, the company started and completed two jobs--Job B and Job K. There were no beginning inventories. Data concerning those two jobs follow:  Job BJob KMachining machine-hours 700 300Customizing machine-hours 1,600 2,400 Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production

departments. The manufacturing overhead applied to Job K is closest to: A. $1,740 B. $13,716 C. $13,500 D. $11,760

Business

Marathon, Inc. showed Salaries and Wages Expense of $244,000 on its income statement. If the Salaries and Wages Payable account was $27,000 at the beginning of the year and $18,500 at the end of the year, how much cash was paid to employees?

A. $225,500 B. $217,000 C. $235,500 D. $252,500

Business

For S corporations without earnings and profits from prior C corporation years, the taxation of cash distributions to the shareholder is governed by rules very similar to the rules for partnerships.

Answer the following statement true (T) or false (F)

Business