Advantages of using credit include the ability to make purchases without cash and the convenience of not carrying checks
Indicate whether the statement is true or false.
Answer: TRUE
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In general, a principal is liable for crimes of the agent committed while acting within the scope of the agency, even if the principal did not authorize commission of the crimes
Indicate whether the statement is true or false
Capital assets donated to a public charity that would result in long-term capital gain if sold, are subject to the 30%-of-AGI ceiling limitation on charitable contributions for individuals
a. True b. False Indicate whether the statement is true or false
Anglen Co. manufactures and sells trophies for winners of athletic and other events. Its manufacturing plant has the capacity to produce 18,000 trophies each month; current monthly production is 14,400 trophies. The company normally charges $103 per trophy. Cost data for the current level of production are shown below:?Variable costs:??Direct materials$460,800?Direct labor$316,800?Selling and administrative$15,840?Fixed costs:??Manufacturing$404,640?Selling and administrative$74,880The company has just received a special one-time order for 900 trophies at $48 each. For this particular order, no variable selling and administrative costs would be incurred. This order would also have no effect on fixed costs. Assume that direct labor is a variable cost.Required:Should the
company accept this special order? Why? What will be an ideal response?
Frank Gilbreth felt that efficiency equated with:
A. one best way to do work. B. leadership flows from the top down. C. procedures and policies. D. scientific management. E. bureaucracy.