Voting rights are typically held by

A)

only common stockholders.
B)

only preferred stockholders.
C)

both common and preferred stockholders.
D)

common and preferred stockholders and bond holders.


A

Business

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When management uses common production facilities or purchasing procedures to distribute different but related products, they are

A. sharing activities. B. using portfolio analysis. C. building on core competencies. D. achieving process gains.

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The benefits from standardization of the marketing mix are lower costs, easier control, and reduction of time in preparing the marketing plan.

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

Business

Urban Company reports the following information regarding its production cost:Units produced 20,000unitsDirect labor$13per unitDirect materials$18per unitVariable overhead$11per unitFixed overhead$110,000in totalCompute production cost per unit under variable costing.

A. $13.00 B. $18.00 C. $42.00 D. $36.50 E. $31.00

Business

On December 1, 2016, Fine Dining Products borrowed $84,000 on a 12%, 5-year note with annual installment payments of $16,800 plus interest due on December 1 of each succeeding year

On December 1, the principal amount was recorded as a long-term note payable. What amount of the note payable will be shown as current portion of Long-Term Note Payable on the balance sheet as of December 31, 2016? (Round your answer to nearest whole number.) A) $16,800 B) $26,880 C) $10,080 D) $33,600

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