In the context of property rights, which of the following best exemplifies private action?
A. Levying excessive taxes
B. Requiring expensive licenses or state permits from private property holders
C. Taking assets into state ownership without compensating the owners
D. Government bureaucrats demanding bribes from businesses in return for the rights to operate in a country
E. Business owners stealing their competitors' trade secrets and intellectual properties
E
Private action refers to theft, piracy, blackmail, and the like by private individuals or groups
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For a firm with a DOL of 3.5, an increase in sales of 6 percent will:
A) decrease pretax profits by 3.5 percent. B) increase pretax profits by 1.71 percent. C) increase pretax profits by 3.5 percent. D) increase pretax profits by 21.0 percent.
Q-dot Manufacturing uses a predetermined overhead allocation rate based on direct labor hours
It has provided the following information for the year: Manufacturing overhead costs allocated to production $189,000 Actual direct materials cost $540,000 Actual direct labor cost $2,450,000 Actual direct labor hours 9,400 direct labor hours Estimated machine hours 180,000 machine hours Based on the above information, calculate Q-dot's predetermined overhead allocation rate. (Round your answer to two decimal places.) A) $1.05 per machine hour B) 7.71% of direct labor cost C) 35.00% of direct materials cost D) $20.11 per direct labor hour