______ is necessary when preliminary and concurrent controls have failed.
a. Salvage control
b. Feedforward control
c. Damage control
d. Rework control
d. Rework control
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_____ business messages may include procedural information or instructions
A) Bad news B) Persuasive C) Routine request D) Goodwill E) Call to action
A firm expects to have funds of $150,000 idle for 60 days. If the firm could purchase marketable securities yielding 10 percent and pay brokerage fees of $1,500, the firm ________
A) should make the investment since interest earned exceeds brokerage fees B) should not make the investment since the required rate of return is less than the cost of investment C) should leave the $150,000 in cash D) should invest the funds for more than 60 days due to the favorable rate
Mr. and Mrs. Churchill operate a small business. This year, the Churchills sold a commercial office building used in their business for $1.5 million. They purchased the building in 1999 for a cost of $1.4 million and had deducted $538,000 MACRS depreciation through date of sale. The Churchills should characterize the $638,000 gain recognized on sale as:
A. Capital gain B. Section 1231 gain C. Ordinary gain D. $538,000 ordinary gain and $100,000 Section 1231 gain
Dodge Industries incurs the following costs during the current year:Depreciation of machinery…………$15,000Direct labor………………………6,000Direct materials……………………4,000Executive salaries…………………20,000Insurance…………………………2,000Rent on building…………………8,000Factory supplies……………………10,000Vehicle lease cost…………………5,000Sales for the year were $80,000 and Dodge determined that only the direct production costs and factory supplies are to be classified as variable costs; all other costs are classified as fixed costs. Dodge sold 400 units.(a) Calculate the unit contribution margin and the contribution margin ratio for DodgeIndustries.(b) Dodge Industries is considering plans that would
increase the contribution margin ratio for next year. Should it pursue these plans? Explain. What will be an ideal response?