When people in an industrialized society contaminate the environment, the action is called
A. wasteful.
B. recycling.
C. redesign.
D. disposal.
E. pollution.
Answer: E
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Contributed capital by owners is one source of long-term funds and is considered a type of long-term liability
Indicate whether the statement is true or false
A company that uses a job order costing system incurred $10,000 of factory payroll during May. Prepare the May 31 entry assuming $8,000 is direct labor and $2,000 is indirect labor.
What will be an ideal response?
Meginnis Corporation's relevant range of activity is 3,000 units to 7,000 units. When it produces and sells 5,000 units, its average costs per unit are as follows: AverageCost per UnitDirect materials$5.20 Direct labor$3.75 Variable manufacturing overhead$1.65 Fixed manufacturing overhead$2.60 Fixed selling expense$0.50 Fixed administrative expense$0.40 Sales commissions$1.50 Variable administrative expense$0.50 If 6,000 units are produced, the total amount of direct manufacturing cost incurred is closest to:
A. $62,700 B. $53,700 C. $79,200 D. $63,600
Administrative agency rulings affect business firms, but not individual persons
Indicate whether the statement is true or false