The legal responsibility for the financial cost of another person's losses or injuries is referred to as:

a. theft.

b. liability.

c. assigned risk.

d. collusion.

Kilt Company had the following information for the year: Direct materials used $ 110,000 Direct labor incurred (5,000 hours) $ 150,000 Actual manufacturing overhead incurred $ 166,000 Kilt Company used a predetermined overhead rate of $42.

Determine which shipping alternative would be most economical to ship 80 boxes of parts when each box has a price of $200 and holding costs are 30 percent of price, given this shipping information: overnight, $300, two-day, $260, six-day, $180.

The following information is provided for each division. Investment Center Net Income Average Assets Cameras and camcorders $ 4,500,000 $ 20,000,000 Phones and communications 1,500,000 12,500,000 Computers and accessories 800,000 10,000,000 Assume a

What are the four levels of managers? Multiple Choice a. upper, board of directors, middle, lower b. top, middle, first-line, advisors c. upper, regional, middle, lower d. upper, middle, floating, lower e.

A premium on common stock: Multiple Choice 1. Is the difference between par value and issue price when the amount paid is below par. 2. Is prohibited in most states. Represents capital gain on sale of stock. 3. Represents profit from issuing stock.

Which of the following is true about the self-employed health insurance deduction? a. Medical insurance is allowed as a deduction, subject to a dollar limitation. b. Long-term care insurance is allowed as a deduction, subject to a dollar limitation.

Desires to maintain a capital structure of 80% equity and 20% debt. They currently have an effective tax rate of 30%. The company's cost of equity capital is 12%. To obtain their debt financing, they issue bonds with an interest rate of 10%.

During 2017, Blossom Company disposed of Pine Division, a major component of its business. Blossom realized a gain of $2920000, net of taxes, on the sale of Pine's assets. Pine's operating losses, net of taxes, were $3580000 in 2017.

On March 1, 2017, Carla Vista Co. acquired real estate, on which it planned to construct a small office building, by paying $84,500 in cash.

Tools can be used safely for jobs that they were not designed to do. True or False