The board of directors is a group elected by the stockholders that determines corporate policies and selects corporate officers
Indicate whether the statement is true or false
true
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A group of small grocery shops forms a new business entity to buy products directly from manufacturers. The group buys products in bulk which are then distributed among members. This helps the shops obtain better profit margins
Which of the following types of vertical marketing system can be observed here? A) contractual B) corporate C) administered D) controlled E) regulatory
Cash equivalents do not include
a. U.S. Treasury bills. b. money market accounts. c. marketable securities. d. commercial paper.
Fredin Incorporated makes a single product-an electrical motor used in many long-haul trucks. The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted (Planned) Overhead: Budgeted variable manufacturing overhead$80,400 Budgeted fixed manufacturing overhead 185,700 Total budgeted manufacturing overhead $ 266,100 Budgeted production (a) 15,000unitsStandard hours per unit (b) 2.00labor-hoursBudgeted hours (a) × (b) 30,000labor-hoursThe fixed component of the predetermined overhead rate is closest to:
A. $8.36 per labor-hour B. $6.19 per labor-hour C. $12.38 per labor-hour D. $16.73 per labor-hour
The major reason to make a financial plan is to
A) account for your spending. B) see where you are overspending or underspending. C) achieve your financial goals. D) allow for a surplus. E) serve as a tax planning guide.