Financing activities on the statement of cash flows affect the long-term liability and equity accounts
Indicate whether the statement is true or false
TRUE
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A(n) _____ report is one that you make on your own initiative rather than one you are asked to prepare
Fill in the blank(s) with correct word
People processing services require:
A) a high degree of process structure. B) high capital intensity. C) physical presence. D) hybrid low volume—capital intensive operations.
Cumulative zoning is unconstitutional
Indicate whether the statement is true or false
The Melville Corporation produces a single product called a Pong. Melville has the capacity to produce 60,000 Pongs each year. If Melville produces at capacity, the per unit costs to produce and sell one Pong are as follows: Direct materials$15Direct labor$12Variable manufacturing overhead$8Fixed manufacturing overhead$9Variable selling expense$8Fixed selling expense$3The regular selling price for one Pong is $80. A special order has been received by Melville from Mowen Corporation to purchase 6,000 Pongs next year. If this special order is accepted, the variable selling expense will be reduced by 75%. However, Melville will have to purchase a specialized machine to engrave the Mowen name on each Pong in the special order. This machine will cost $9,000 and it will have no use after the
special order is filled. The total fixed manufacturing overhead and selling expenses would be unaffected by this special order. Assume that direct labor is a variable cost.Assume Melville can sell 58,000 units of Pong to regular customers next year. If Mowen Corporation offers to buy the 6,000 special order units at $65 per unit, the annual financial advantage (disadvantage) for Melville as a result of accepting this special order should be: A. $36,000 B. $192,000 C. $47,000 D. $11,000