Selling a site where hazardous wastes were disposed of relieves the seller—and the buyer—of liability for the clean up, as does merging with or buying a corporation that has not violated Superfund.
Answer the following statement true (T) or false (F)
False
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Taylor manufactures 12,000 units of a part used in its production to manufacture guitars. The annual production activities related to this part are as follows: Direct materials, $24,000 Direct labor, $60,000 Variable overhead, $54,000 Fixed overhead, $84,000 Best Guitars, Inc, has offered to sell 12,000 units of the same part to Taylor for $22 per unit. If Taylor were to accept the offer, some of
the facilities presently used to manufacture the part could be rented to a third party at an annual rental of $18,000 . Moreover, $4 per unit of the fixed overhead applied to the part would be totally eliminated. In the decision to make or buy the part, what is the relevant fixed overhead? a. $30,000 b. $54,000 c. $84,000 d. $48,000
Accounting for the day-to-day activities for a partnership or Limited Liability Company is
A) the same as the accounting for any other form of business B) the same as the accounting for a sole proprietorship only C) is not the same as the accounting for any other form of business D) the same as the accounting for a corporation only
________ is described as the science or philosophy of the law
A) Morality B) Ethics C) Justice D) Jurisprudence
In preparing for negotiations, external _______________________________ data is collected to give management and the union comparison points.
Fill in the blank(s) with the appropriate word(s).