Which of the following is most likely to spend approximately 2.5 percent on advertising as a percentage of sales?
A. a producer of soft drinks
B. a retail grocery store
C. a producer of motor vehicles
D. a retail jewelry store
E. a producer of soap and detergent
Answer: C
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The tale of Professor Larry Foster and his grade book filled with Fs was told by one generation of faculty to the next with a mix of envy, awe and delight
If there was one thing you could be sure of, there was no grade inflation in his department, whose culture was formed primarily by: A) Critical incident. B) Reward system. C) Rules and procedures. D) Environment.
Cambra Corporation manufactures two products: Product N70E and Product F54Y. The company is considering implementing an activity-based costing (ABC) system that allocates its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products N70E and F54Y.Activity Cost PoolActivity MeasureTotal CostTotal ActivityMachiningMachine-hours$171,0009,000MHsMachine setupsNumber of setups$150,000250setupsProduct designNumber of products$78,0002products??Order sizeDirect labor-hours$330,00010,000DLHsActivity MeasureProduct N70EProduct F54YMachine-hours5,0004,000Number of setups150100Number of products11Direct labor-hours4,0006,000Using the ABC system, the percentage of the total overhead cost that is assigned to Product F54Y
is closest to: A. 24.01% B. 50.00% C. 27.16% D. 51.17%
Z.025 is the value of Z such that the area to the ____________________ of Z is .9750
Fill in the blank(s) with correct word
Which of the following is identified by the FASAB as the foundation for federal financial reporting?
A. Understandability. B. Decision usefulness. C. Accountability. D. Budget integrity.