Marked out of 1.00 In knowledge-based pay (KBP) or skill-based pay (SBP) systems, employees start at a base level of pay and receive increases as they learn to do other jobs or gain additional skills and knowledge and thus become more valuable to the employer. Select one: True or false

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• Copy Center pays an average wage of $13 per hour to employees for printing and copying jobs, and allocates $19 of overhead for each employee hour worked. Direct materials are assigned to each job according to actual cost. If Job M-47 used $375 of direct materials and took 15 direct labor hours of labor to complete, what is the total cost that should be assigned to the job?
• Brenda is a purchasing agent for Commodities Exchange Corporation. Dennis, a corporate officer of Commodities, grants Brenda written authorization to acquire as many computers and peripheral devices as the company requires. The following day, Dennis instructs Brenda to purchase only fifty notebook computers and no additional items. Despite this, Brenda presents her written authority to E-Products, Inc., and agrees to purchase sixty notebook computers along with an assortment of printers, scanners, and extra storage media. E-Products fulfills the order and sends it to Commodities. Is Commodities liable to E-Products under the contract? It depends on several factors, including the authority Brenda had at the time of the contract, how the authority was communicated to E-Products, and whether E-Products was acting in good faith based on Brenda's representations. As Brenda entered into a contract for more items than Dennis had authorized and for a quantity exceeding the limitation he imposed, Commodities may not be liable for the entire order unless Brenda’s initial written authority led E-Products to reasonably believe she still retained the power to contract on behalf of Commodities. If the initial written authorization appeared to give Brenda broad powers and E-Products was unaware of the limitation imposed by Dennis, Commodities might be held liable based on the concept of apparent authority. However, if E-Products was—or should have been—aware of Brenda’s limited authority, Commodities might not be held liable for the contract that exceeded her actual authority. As for Brenda's liability, if she knowingly exceeded her authority, she may be personally liable to either Commodities or E-Products for any resulting damages. Agents who act beyond their authority can become liable for breaching their fiduciary duty to their principal if they cause harm by exceeding that authority. However, Brenda’s liability would also depend on the specifics of how the authority was communicated and restricted, as well as on what E-Products knew or should have known about such restrictions.
• Workers who receive benefits are often less motivated. Please select the best answer from the choices provided T F
• They don't purchase much but enjoy the recreation the outing offers. What type of shopping activity is this? The answer choices are: - Acquisitional shopping - Epistemic shopping - Experiential shopping - Impulsive shopping - Habitual shopping
• Kline Construction is an all-equity firm that has projected perpetual EBIT of $376,000. The current cost of equity is 13.7 percent and the tax rate is 40 percent. The company is in the process of issuing $992,000 worth of perpetual bonds with an annual coupon rate of 5.5 percent at par. What is the value of the levered firm?
• What is the correct order of the following steps in the accounting cycle? 1. Prepare an unadjusted trial balance. 2. Journalize and post adjusting entries. 3. Prepare financial statements. 4. Journalize and post closing entries. 5. Prepare a post-closing trial balance.
• Deep South Sounds would like to spend $189,000 for new sound equipment. However, the company has a major loan maturing 3 years from today and needs this money at that time to avoid bankruptcy. The sound equipment is expected to increase the cash flows by $45,000 in the first year, $92,400 in the second year, and $40,000 a year for the following 3 years. Should Deep South buy the sound equipment at this time? Why or why not?
• Glass Bottle Coffee Company is a calendar year, accrual-basis taxpayer. On October 1, 2019, Glass Bottle sold a 24-month subscription contract for $2,400. The client paid the full amount in cash. Under the contract, Glass Bottle delivers 20oz of fresh, artistically roasted coffee beans to the client on the 15th of every month. The service periods cover October 1, 2019 to September 30, 2020. For tax purposes, if Glass Bottle wants to defer income recognition (to the extent allowed by tax law), how much income should it recognize in 2019?
• If the social value of producing robots is greater than the private value of producing robots, the private market produces too few robots. a. true b. false
• On July 4, 2018, Wyoming Mining Company purchased the mineral rights to a granite deposit for $1,600,000. It is estimated that the recoverable granite will be 400,000 tons. During 2018, 100,000 tons of granite was extracted and 60,000 tons were sold. The amount of the Depletion Expense recognized for 2018 would be: