Why was the domestic production activities deduction (DPAD) enacted by Congress?
The DPAD was enacted to replace certain tax provisions that our world trading partners regarded as allowing unfair advantage to U.S. exports. Note, however, in no way is the DPAD limited to exports.
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A corporation has 20,000 shares of 17%, $50 par cumulative preferred stock outstanding and 25,000 shares of no-par common stock outstanding. Preferred dividends of $36,000 are in arrears. At the end of the current year, the corporation declares a dividend of $208,000. How is the dividend allocated between preferred and common stockholders?
A) The dividend is allocated $2000 to preferred stockholders and $206,000 to common stockholders. B) The dividend is allocated $206,000 to preferred stockholders and $2000 to common stockholders. C) The dividend is allocated $208,000 to preferred stockholders and no dividend is paid to common stockholders. D) The dividend is allocated $170,000 to preferred stockholders and $38,000 to common stockholders.
____ systems integrate a company’s ordering, planning, and production scheduling to ensure optimization of resources. They also help reduce overall IT costs by consolidating the various functions under a single application.
a. PERT b. SCM c. ERP d. MRP
All tying arrangements are per se illegal
Indicate whether the statement is true or false
Loughry Catering uses two measures of activity, jobs and meals, in the cost formulas in its budgets and performance reports. The cost formula for catering supplies is $530 per month plus $114 per job plus $16 per meal. A typical job involves serving a number of meals to guests at a corporate function or at a host's home. The company expected its activity in October to be 25 jobs and 234 meals, but the actual activity was 20 jobs and 233 meals. The actual cost for catering supplies in October was $6,600. The catering supplies in the flexible budget for October would be closest to:
A. $7,124 B. $6,600 C. $5,699 D. $6,538