An order or other offer to buy goods which requires prompt or current shipment is accepted if
the seller makes:
A) A prompt shipment of conforming goods.
B) A prompt promise to ship the goods.
C) A prompt shipment of nonconforming goods.
D) A, B, or C.
E) A or B only.
D
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Absorption costing is commonly used for external reporting
Indicate whether the statement is true or false
White Corporation is a calendar-year taxpayer. Wilhelmina owns all of its stock. Her basis for the stock is $25,000. On March 1 of the current year (not a leap year), White Corporation distributes $60,000 to Wilhelmina. Determine the tax consequences of the cash distribution to Wilhelmina in each of the following independent situations:
a) Current E&P $15,000, accumulated E&P $50,000. b) Current E&P $25,000, accumulated E&P $(25,000). c) Current E&P ($36,500), accumulated E&P $65,000. d) Current E&P ($10,000), accumulated E&P $(25,000).
To learn from a mentor, which statement below is not true
a. Identify someone who is more senior than you. b. The mentor needs to know the organization's culture. c. The mentor's advice is intended to be shared with others. d. None of the above.
Currently the firm is using a pure chase strategy. It has 60 workers who produce 1200 units per quarter each. The cost per unit is $35.00 . The cost of holding 1 unit per quarter is $1.50 . The cost of hiring a worker is $50 . The cost of firing a worker is $200 . Calculate the cost associated with changing capacity. Q1: 120,000 Q2: 100,000 Q3: 80,000 Q4: 92,000