The critical test under the Due Process Clause in determining whether jurisdiction over an out-of-state defendant exists is whether the:
a. defendant has certain minimum contacts with the state such that the maintenance of the suit does not offend traditional notions of fair play and substantial justice.
b. out-of-state defendant has ever visited the state.
c. out-of-state defendant has certain minimum contacts with the state such that maintenance of the suit does not offend liberty concepts.
d. out-of-state defendant has ever lived in the state.
a
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Management can expect various benefits to follow from implementing a system of strong internal control. Which of the following benefits is least likely to occur?
a. reduced cost of an external audit. b. prevents employee collusion to commit fraud. c. availability of reliable data for decision-making purposes. d. some assurance of compliance with the Foreign Corrupt Practices Act of 1977. e. some assurance that important documents and records are protected.
Unqualified reports Under what circumstances would an auditor issue an unqualified opinion modified by an explanatory paragraph? Would the paragraph go before or after the opinion paragraph?
If available capacity is insufficient in the medium term, what strategy can the firm follow?
A. hire more workers B. build a new facility C. back-order items in shortage D. exit the market
Geneva Company manufactures dolls that are sold to various customers. The company works at full capacity for half the year to meet peak demand, and operates at 80% capacity for the other half of the year. The following information is provided:Units produced and sold 600,000 unitsSelling price$35/unitVariable manufacturing costs$20/unitFixed manufacturing costs$1,200,000/yr.Variable selling and administrative costs$6/unitFixed selling and administrative costs$950,000/yr.Geneva receives a purchase order to make 5,000 dolls as a one-time event. The good news is that this order is during a period when Geneva does have sufficient excess capacity. What is the lowest selling price Geneva should accept for this purchase order?
A. $26.00 B. $35.00 C. $23.50 D. $29.50 E. $25.00