Collusion is the active cooperation of firms within an industry to reduce output and raise prices in order to get around the normal economic law of supply and demand

Groot Promotional Services uses a job order system for costing and billing promotional services for dance and ballet performances

Groot has four public relations specialists plus an office staff. At the beginning of the year, Groot estimated the total cost of salaries and benefits for the public relations specialists at $675,000 and a total of 7,500 billable hours for the year. All remaining office and administrative costs were estimated at $405,000. The allocation base for office and administrative costs is billable hours. In June, Groot signed a contract for a Russian ballet performance. It estimated the new contract would require 34 hours of specialist time. What is the total cost estimate for this contract? A) $1,836 B) $4,896 C) $3,060 D) $1,224

Which of the following is a cash outflow connected to investing activities?

A. Repurchase of treasury stock. B. Purchase of short-term investments. C. Purchase of property, plant and equipment. D. Both B and C are outflows connected to investing activities E. All of the above are cash outflows connected to investing activities.