BUSINESS HIGH SCHOOL

For those who are injured in alcohol-related crashes, we all pay for the cost of their rehabilitation.

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Answer 1
Answer: The statement above is TRUE. For those who are injured in alcohol related crashes, we all pay for the cost of their rehabilitation either directly or indirectly. It is direct when we pay their hospital bills, it is indirect when their hospital bills has to be paid through public assistance because they are financially unable to pay for the hospital's services. This apply to other areas in which the public has to take care of those people involved in alcohol related accidents. 

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COLLEGE

Outstanding stock of the Colt Corporation included 20,000 shares of $5 par common stockand 5,000 shares of 5%, $10 par noncumulative preferred stock. In 2009, Colt declaredand paid dividends of $2,000. In 2010, Colt declared and paid dividends of $6,000. Howmuch of the 2010 dividend was distributed to preferred shareholders?a. $3,000b. $3,500c. $2,500d. None of the above

Answers

Answer:

Option c.

$2,500 of the 2010 dividend was distributed to the preferred shareholder.

Explanation:

Dividend Preferred Shareholders =(Par Value Preferred Stock * Number of Share Issued * Percentage of Preferences Shares)

= $10 * 5.000 * 5%

= $2.500

COLLEGE

Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact that ____________.

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Answer:

P = Average Total Cost

Explanation:

Because the market is monopolistically competitive market, one can tell that it is in long run equilibirum by the fact that P = ATC at the optimal quantity. Furthermore, the quantity he firm produces in long run equilibrium is less than efficient scale.

COLLEGE

When the coffee collective purchases advertisements on the radio announcing its new patio for dog-loving coffee drinkers, this would be a form of ________ advertisement?

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The answer would be Informational
COLLEGE

Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data:Total machine-hours 30,400Total fixed manufacturing overhead cost $ 425,600Variable manufacturing overhead per machine-hour $ 5Recently, Job T687 was completed with the following characteristics:Number of units in the job 10Total machine-hours 20Direct materials $ 590Direct labor cost $ 1,180The total job cost for Job T687 is closest to ____

Answers

Answer:

job T687 total cost 2,151‬ dollars

Explanation:

425,600 / 30,400 = 14 fixed overhead rate

14 fixed  + 5 variable = 19

Job T687

applied overhead:

ovehread 20 machine hours x 19 = 381

now we add the three cost components for the total cost:

direct materials       590

direct Labor            1,180

overhead                 381

              total         2,151‬

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