List the cost-volume-profit (CVP) assumptions
What will be an ideal response
The CVP assumptions are:
1. The price per unit does not change as volume changes.
2. Managers can classify costs as variable, fixed, or mixed.
3. The only factor that affects total costs is change in volume, which increases or decreases variable and mixed costs.
4. Fixed costs do not change.
5. There are no changes in inventory levels
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The September 30, 2014, physical inventory of Pollack Corporation appropriately included $6,300 of merchandise purchased on account that was not recorded in purchases until October 2014 . What effect will this error have on September 30, 2014, assets, liabilities, retained earnings, and earnings for the year then ended, respectively?
a. Understate; no effect; overstate; overstate b. No effect; overstate; understate; understate c. No effect; understate; overstate; overstate d. No effect; understate; understate; overstate
The first step of the review by the EU commission of a merger project is:
a. to determine whether the planned operation is compatible with the common market. b. to make sure that at least one of the entities is based in the EU. c. to determine whether the planned operation has a "community dimension." d. to determine whether at least one of the entities holds a dominant market position.
Bowie, a certified public accountant, prepares and certifies Candy Products Corporation's financial statements. These statements are included in Candy's registration statement filed with the Securities and Exchange Commission before Candy's offering of securities. Dona buys a security covered by the registration statement. Based on this transaction, Dona files a suit against Bowie under Section 11 and Section 10(b) of the Securities Exchange Act of 1934. To succeed in the suit, what must Dona prove? Bowie responds that Dona was not in privity with him and that even if she had been in privity, she cannot prove his lack of due diligence. Can Bowie prevail on these grounds? Why or why not?
What will be an ideal response?
The CAN-SPAM Act A) applies to virtually all promotional e-mails, whether or not the sender has a pre-existing relationship with the recipient
B) requires senders of promotional e-mails to offer an opt-in system to recipients. C) requires recipients of unsolicited, pornographic e-mails to notify the Justice Department. D) requires senders of promotional e-mails to provide a valid return address, which may be a post office box or a specific physical location.