Which of the following is a limitation of the comparative norm approach?
a. not all firms have the same capacity to meet economic demands
b. it is frequently difficult to classify a firm in a particular industrial grouping for wage comparison purposes
c. at times it is misleading to compare employees within a particular job classification
d. All of the above
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A characteristic of preferred stock that provides increasing dividends when common dividends increase is known as
A) participating. B) callable. C) convertible. D) liquidating preference. E) cumulative.
The following information is available for the Underwater Company for the three months ended March 31 of this year: Inventory, January 1 .................................. $ 450,000 Purchases ............................................. 1,700,000 Freight-in ............................................ 100,000 Sales ................................................. 2,400,000 The gross margin was
estimated to be 25 percent of sales. What is the estimated inventory balance at March 31? a. $600,000 b. $350,000 c. $562,500 d. $450,000