Mesa Corp.allocates overhead to production on the basis of direct labor costs.Mesa's total estimated overhead is $450,000 and estimated direct labor is $180,000.Determine the amount of overhead applied to a job which used $20,000 of direct labor.

A) $8,000.
B) $20,000.
C) $70,000.
D) $50,000.
E) $90,000.

AASB 138 Intangibles requires that an asset meet which of the following criteria to be classified as an identifiable intangible?
I. It arises from a contractual or legal right.
II. It is separable from the entity.
III. Its cost must be reliably measurable.
IV. Its fair value must be able to be reliably measured.

A) I or IV only.
B) I or II only.
C) II or III only.
D) I or III only.

Walter Enterprises expects its September sales to be 20% higher than its August sales of $150,000.Purchases were $100,000 in August and are expected to be $120,000 in September.All sales are on credit and are collected as follows: 30% in the month of the sale and 70% in the following month.Merchandise purchases are paid as follows: 25% in the month of purchase and 75% in the following month.The beginning cash balance on September 1 is $7,500.The ending cash balance on September 30 would be:

A) $31,500.
B) $67,500.
C) $54,000.
D) $61,500.
E) $136,500.

For any pair of countries, there is only one single exchange rate that can lead automatically to both countries realizing the gains from specialization and comparative advantage.

If a supply manager identifies and eliminates the causes of uncertainty and risk in the supply chain,the organization may be able to reduce the level of inventory.

According to the Timmons Model,what are the three driving forces of an entrepreneurial process?