Soprano Corporation allocates administrative costs on the basis of staff hours. Short-run monthly usage and anticipated long-run monthly usage of staff hours for Operating Departments 1 and 2 follow. Department 1Department 2TotalShort-run usage (hours)80,000120,000200,000Long-run usage (hours)90,000110,000200,000If Soprano uses dual-cost accounting procedures and fixed administrative costs total $1,000,000, the amount of long-run cost to allocate to Department 1 would be:
A. $500,000.
B. $450,000.
C. $400,000.
D. $850,000.
E. None of the answers is correct.
Answer: B
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Employers may legally see to it that more minorities or women are hired without committing reverse discrimination if:
a. minorities or women are underrepresented in a certain job category b. minorities or women comprise more than 75% of the company c. there is a union for the unprotected classes of workers d. the minority or female candidates are less qualified than the candidates from unprotected classes e. none of the other choices are correct
A company with a high inventory turnover requires a larger investment in inventory than another company of similar sales with a lower inventory turnover.
Answer the following statement true (T) or false (F)
Which of the following factors refers to providing meaningful work for employees, which gives them the feeling or belief that the day's work had a valuable impact to the company and that they made a difference?
A. Empowerment B. Training C. Teamwork D. Contribution
Ashton owns a condominium near San Diego, California. This year, he incurs the following expenses in connection with his condo: Insurance$1,300Mortgage interest 8,000Property taxes 2,000Repairs and maintenance 900Utilities 2,200Depreciation 10,000 During the year, Ashton rented the condo for 120 days and he received $24,000 of rental receipts. He did not use the condo at all for personal purposes during the year. Ashton is considered to be an active participant in the property. Ashton's AGI from all sources other than the rental property is $120,000. Ashton does not have passive income from any other sources. What is Ashton's AGI?
What will be an ideal response?