If employees wish to organize a union, the employer is prohibited from distributing written notices to employees stating it is opposed to union activity within the company
a. True
b. False
Indicate whether the statement is true or false
False
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If a model of a car has faulty airbag deployment, the Consumer Product Safety Commission has the power to recall that model on receiving complaints
Indicate whether the statement is true or false
The budgeted income statement presented below is for Burkett Corporation for the coming fiscal year. Compute the number of units that must be sold in order to achieve a target pretax income of $130,000. Sales (50,000 units) $1,000,000 Costs: Direct materials$270,000 Direct labor 240,000 Fixed factory overhead 100,000 Variable factory overhead 150,000 Fixed marketing costs 110,000 Variable marketing costs 50,000 920,000 Pretax income $80,000
A. 81,250. B. 53,165. C. 50,000. D. 58,621. E. 36,207.
In purchasing life insurance, Kelsey concealed the fact that she has a muscular disease. The insurance company can void the policy if the muscular disease is found to be a material fact
a. True b. False Indicate whether the statement is true or false
Using the 2012 financial statements for DRE Corporation and this additional information, prepare a pro forma
income statement and balance sheet for the year 2013. Determine the discretionary financing needed (DFN) and assume that if the DFN is positive, the company will increase long-term debt, and if DFN is negative, the company will pay back some long-term debt. Sales for next year (2013 ) are expected to increase by $300,000 to $1,800,000. The firm is running efficiently and at full capacity so that all assets and spontaneous liabilities are expected to increase proportionally with sales. The dividend payout ratio for 2013 will be 40%. DRE Corporation 2012 Financial Statements Income Statement ($) Sales 1,500,000 Net Income 250,000 Balance Sheet ($) Cash 400,000 Accounts Receivable 450,000 Inventory 350,000 Property, Plant, & Equipment 650,000 Total Assets 1,850,000 Accounts Payable 200,000 Short Term Notes Payable 250,000 Long-term Debt 550,000 Common Stock 200,000 Retained Earnings 650,000 Total Liabilities and Equity 1,850,000