Market research shows potential customers will buy a particular product at a selling price of $2,590. If the desired profit is 40 percent of target cost, the company should make the product if the cost does not exceed
A) $1,036.
B) $1,554.
C) $1,850.
D) $1,992.
C
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A court may find two persons to be partners even though neither had the specific intent to create a partnership.
Answer the following statement true (T) or false (F)
Which of the following correctly describes the accounting for factory depreciation?
A) Factory depreciation is a product cost and is expensed as incurred. B) Factory depreciation is a period cost and is expensed as incurred. C) Factory depreciation is a product cost and is expensed when the manufactured product is sold. D) Factory depreciation is a period cost and is expensed when the manufactured product is sold.
An increase in expenses will have the effect of reducing stockholders' equity
Indicate whether the statement is true or false
Which of the following is true of a nolo contendere plea?
A) A nolo contendere plea is an admission of guilt. B) A nolo contendere plea subjects the defendant to a lesser punishment than would result from conviction at a trial. C) Like a consent decree, a nolo contendere plea need not be approved by the court. D) A nolo contendere plea cannot be negotiated between the Justice Department and corporate or individual criminal defendants.