ABC Corporation would like to evaluate three production processes (A, B, and C) to accommodate the changes in demand for its products. The fixed and variable costs per unit are tabled here. Determine the production volume at which costs of Processes B and C are equal.
A. 2,000
B. 3,000
C. 4,000
D. 1,000
C. 4,000
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The Gomez Trust is required to distribute $80,000 annually split equally between its two income beneficiaries, Lara and Byron. If trust income is not sufficient to pay these amounts, the trustee can invade corpus to the extent necessary. During the current year, the trust reports DNI of $60,000. Byron receives an additional $30,000 discretionary corpus distribution. a.How much of the $40,000 distributed to Lara is included in her gross income? b.How much of the $70,000 distributed to Byron is included in his gross income? c.How much of these distributions are first-tier distributions or second-tier distributions?
What will be an ideal response?
Identify a true statement about the implied warranty of merchantability.
A. It assumes that every purchase involves the informed consent of a buyer. B. It holds that a business has a duty to ensure that its products will accomplish their purpose. C. It shifts the burden of proof from producers to consumers. D. It allows a business to completely disown any promise or warranty.
Advertising appropriations are largest for which type of product?
A. Business products B. Convenience goods C. Shopping products D. Specialty goods E. Infrequently purchased goods
Fred Frick and Fay Frack own houses next to each other and share a mutual driveway. Unfortunately, they hate each other. Fred leaves a garbage can on his side of the driveway, blocking Fay from getting in
Fay leaves her car parked on the driveway for long periods of time, blocking Fred from getting out. Which of the following is TRUE? A) Fred has the right to deal with his side of the driveway as he pleases, since he owns it. B) Fay has the right to park on her side of the driveway, since she owns it. C) Fred and Fay have only a right of way, not an easement, so neither has a right to complain. D) Neither Fred nor Fay has the right to interfere with the other's use of the driveway. E) both A and B