A trucking company has employees who load 100-pound sacks on trucks. Of those who apply for the jobs, one man in three can lift 100-pound sacks, but only one woman in fifty. As a result, all 40 employees are men. In sex discrimination suit, the most likely result will be that the company will:
a. lose because the statistics prove the structure of the employment situation is discriminatory
b. lose because it could make smaller sacks smaller, which would increase the number of women who would be eligible
c. win because there is a business necessity that produces the all male workforce d. win because the work involved is traditional male work
e. none of the other choices
c
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A company purchases an oil well for $400,000. It estimates that the well contains 500,000 barrels, has a ten-year life, and has no salvage value. If the company extracts and sells 40,000 barrels during the first year, how much depletion expense should be recorded?
A) $32,000 B) $40,000 C) $80,000 D) $200,000
Morton owed Dowd $1,000 . The debt was due on May 1 . The debt would not be discharged if
a. on the due date, Dowd agreed to accept $500 and a watch valued at $150 in full settlement of the debt. b. Dowd insisted the debt was $1,000, but Morton claimed it was $500, and they compromised on $650 in full settlement. c. on April 15, Dowd agreed to accept $500 in full settlement. d. on July 1, Dowd orally agreed to accept $500 in full settlement of the $1,000 debt.
Salvage value is an estimate of an asset's value at the end of its benefit period.
Answer the following statement true (T) or false (F)
In a particular process, the fixed costs are calculated at $40,000 and the variable costs at $1.50 per
unit. If 10,000 units are to be produced, what is the average cost per unit? A) $5.50 B) $2.00 C) $1.50 D) $4.00 E) none of the above