<span>1. Which of the following is not characteristic of a corporation?
d. Corporations are required to file federal income tax returns.
2. Characteristics of a corporation include
d. Shareholders who have limited liability
3. One of the main disadvantages of the corporate form is the
b. Double taxation of dividends
4. Under the corporate form of business organization
a. Ownership rights are easily transferred.
5. Those most responsible for the major policy decisions of a corporation are the
b. Board of directors.
6. Stockholders' equity
d. Is shown on the income statement
7. The price at which a stock can be sold depends upon a number of factors. Which statement below is not one of those factors?
b. Investor expectations of the corporation's earning power
8. Which of the following accounts below is reported in the paid-in capital/stockholders' equity section of the corporate balance sheet?
b. Stock Dividends
9. The excess of issue price over par of common stock is termed a(n)
d. Premium
</span>
The correct answer is C) Both A&B
Answer: D. All of the above are correct.
Explanation:
The marginal rate of technical substitution (MRTS) refers to the economic theory which explains the rate at which a particular factor of production must reduce in order for the same level of productivity to be maintained when there's another production factor which is increased.
When the capital is plotted on the vertical axis and labor is plotted along the horizontal axis, then the marginal rate of technical substitution of labor for capital along a convex isoquant will reduce as more and more labor is used. Also, the MRTS equals the negative of the slope of the isoquant and equals the marginal product of labor divided by the marginal product of capital that's MRTSL,K=-MPL/MPK
Therefore, the correct option is All of the above.
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Estimated overhead costs for the year are $ 810,000, and estimated direct labor hours are 360,000.
The company incurred 20,000 direct labor hours.
First, we need to calculate the estimated overhead rate:
To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 810,000/360,000= $2.25 per direct labor hour
Now, we can allocate overhead based on actual direct labor hours:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 2.25*20,000= $45,000
Answer:
19%
Explanation:
Given that,
Nominal GDP in 2010 = $200 billion
Nominal GDP in 2009 = $180 billion
GDP deflator in 2010 = 125
GDP deflator in 2009 = 105
Percentage change in prices:
= Percentage change in GDP deflator
= (Change in GDP deflator ÷ GDP deflator in 2009) × 100
= [(125 - 105) ÷ 105] × 100
= (20 ÷ 105) × 100
= 0.19 × 100
= 19%
Therefore, the prices increases by 19%.
