Courts in some states will treat an alleged corporation as if it were an actual corporation for the purpose of determining the rights and liabilities in particular circumstances.
Answer the following statement true (T) or false (F)
True
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A ________ approach classifies competitors based on objective attributes of the firms
A) customer-based B) supply-based C) market-based D) demand-based
LBC Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires 3.5 hours of direct labor at the rate of $14.50 per direct labor-hour. Management would like you to prepare a Direct Labor Budget for June.The company plans to sell 39,000 units of Product WZ in June. The finished goods inventories on June 1 and June 30 are budgeted to be 200 and 100 units, respectively. Budgeted direct labor costs for June would be:
A. $1,979,250 B. $1,984,325 C. $1,974,175 D. $564,050
Use the information in Scenario 9.11. If the firm decides to increase its cycle-service level to 90%, what is the new reorder point if all other parameters remain the same for this product?
A) greater than 550,000 units B) greater than 400,000 units but less than or equal to 550,000 units C) greater than 250,000 units but less than or equal to 400,000 units D) greater than 150,000 units but less than or equal to 250,000 units E) greater than 0 but less than or equal to 150,000 units
Marketable securities are only those security investments the firm can convert into cash balances
within one year. Indicate whether the statement is true or false