Blair, who owned 60 percent of the common stock of the Arc Corporation, died. Did Blair's death terminate the corporation?
No. The death of an individual stockholder does not terminate a corporation.
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Which of the following statements is FALSE with regard to costs of crashing activities in a project?
a. As each project activity is crashed in order, the overall project budget increases. b. It is usually necessary to crash all activities in a project. c. Crashing additional activities beyond a point merely adds costs to the budget. d. It may not be possible to crash all activities in a project.
McPherson Company is facing a $2 increase in the variable costs of producing one of its products for the upcoming year
As a result, the sales manager has made a proposal to increase the sales price of the product while increasing the advertising budget at the same time. The sales price increase will lower sales volume, but the other changes may help the company maintain its profit margin. McPherson has provided the following information regarding the current year results and the proposal made by the sales manager: Current Year Proposal Unit sales 28,000 20,000 Sales price per unit $48 $56 Variable cost per unit $34 $36 Fixed cost $76,000 $98,000 Relative to the current year, the sales manager's proposal will ________. A) decrease operating income by $8,000 B) increase contribution margin by $14,000 C) decrease the unit breakeven point D) decrease operating income by $14,000
ERP system's traditional strengths lie in routine decision making and in execution and transaction processing
Indicate whether the statement is true or false.
One advantage of the allowance method for accounting for uncollectible accounts is that the company reports:
A. Greater total cash collected from customers. B. Greater total sales to customers. C. Fewer returns by customers. D. Bad debt expense in the same period as the credit sale.