Victoria is married and 29 years old. What life stage is she in?
A. Early-family life stage
B. Independent life stage
C. Empty-nest life stage
D. Dependent life stage
Answer: A
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Which of the following is not a typical activity a firm will undertake when linking the Balanced Scorecard to operations?
A. Develop key performance indicators. B. Establish necessary IT systems. C. Prioritize business process improvements. D. Develop capital and other long-term budgets.
Econ Company produces widgets. Each widget sells for $120, and the company sells approximately 50,000 widgets each year. Unit cost data for the year follows: Econ has received an offer from a foreign company to purchase 10,000 widgets at $95 each. Domestic sales would be unaffected by this transaction. If the offer is accepted, variable distribution costs will increase $4 per widget for
insurance, shipping, and import duties. The relevant unit cost to a pricing decision on this offer is: a. $93 b. $59 c. $80 d. $67
Carlton Dean is late for his class at Grinnell College in Grinnell, Iowa and carelessly runs a stop sign. As luck would have it, Elliot Klein is driving through the intersection. Elliot is a visitor in Grinnell from Arizona. Although Elliott is not injured, his Mercedes suffers badly, with $7,000 total damages, and he is forced to rent a car for a week while it is repaired. Additional expenses
for car repair bring his total damages to $7,600. a. Elliott can sue Carlton in an Iowa court, because the accident occurred in Iowa. b. Elliot can sue Carlton in a federal court, because of diversity of citizenship. c. Elliot can sue Carlton in an Arizona court. d. all of the above
Job 910 was recently completed. The following data have been recorded on its job cost sheet: Direct materials$3,193 Direct labor-hours 21labor-hoursDirect labor wage rate$12per labor-hourMachine-hours 166machine-hoursThe Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $15 per machine-hour. The total cost that would be recorded on the job cost sheet for Job 910 would be:
A. $5,935 B. $3,445 C. $3,760 D. $3,220