Speculative stocks are often traded through the OTC Bulletin Board

Indicate whether this statement is true or false.

Answer: TRUE

Business

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Jennings Company manufactures ceiling fans and uses an activity-based costing system

Each ceiling fan has 20 separate parts. The direct materials cost is $85 and each ceiling fan requires 2.50 hours of machine time to manufacture. Additional information is as follows: Activity Allocation Base Predetermined Overhead Allocation Rate Materials handling Number of parts $ 0.04 Machining Machine hours 7.60 Assembling Number of parts 0.40 Packaging Number of finished units 3.90 What is the total manufacturing cost per ceiling fan? (Round any intermediate calculations and your final answer to the nearest cent.) A) $97.70 B) $104.80 C) $112.80 D) $116.70

Business

______ implies growing a business from within, using its existing business lines as a basis for such growth.

A. Organic growth B. Acquisition growth C. Synthetic growth D. Natural growth E. Intrinsic growth

Business