You are taking the marketing vice president, Miguel Ortiz, on a tour of the office. You run into office assistant, Ann Osaka, and you decide to introduce the two people
You are following proper etiquette when you say, "Ann, I would like you to meet our new marketing vice president, Miguel Ortiz."
Indicate whether the statement is true or false.
Answer: FALSE
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Dylan Corporation issues for cash $2,000,000 of 8%, 15-year bonds, interest payable annually, at a time when themarket rate of interest is 9%. The straight-line method is adopted for the amortization of bond discount orpremium. Which of the following statements is true?
a. The amount of annual interest paid to bondholders remains the same over the life of the bonds. b. The amount of annual interest expense decreases as the bonds approach maturity. c. The amount of annual interest paid to bondholders increases over the 15-year life of the bonds. d. The carrying amount decreases from its amount at issuance date to $2,000,000 at maturity.
Swisher, Incorporated reports the following annual cost data for its single product:Normal production level 30,000unitsDirect materials$6.40per unitDirect labor$3.93per unitVariable overhead$5.80per unitFixed overhead$150,000in total This product is normally sold for $48 per unit. If Swisher increases its production to 50,000 units, while sales remain at the current 30,000 unit level, by how much would the company's income increase or decrease under absorption costing?
A. $60,000 increase. B. $90,000 increase. C. There is no change in income. D. $90,000 decrease. E. $60,000 decrease.
Which of the following is NOT true when explaining why productivity tends to be lower in the service sector than in the manufacturing sector?
A) Services are typically labor-intensive. B) Services are often difficult to evaluate for quality. C) Services are often an intellectual task performed by professionals. D) Services are difficult to automate. E) Service operations are typically capital intensive.
A minor can undo a contract that has already been completed by having a court _______ the contract to formally cancel it
A)affirm B)rescind C)disaffirm D)ratify