Which of the following is a form of co-ownership that disallows the right of survivorship and allows unilateral transfer of interest?
A) tenancy in common
B) joint tenancy
C) cooperatives
D) tenancy by the entirety
A
You might also like to view...
An asset's book value is $18,000 on December 31, Year 5. The asset has been depreciated at an annual rate of $3,000 on the straight-line method. Assuming the asset is sold on December 31, Year 5 for $15,000, the company should record:
A. Neither a gain nor a loss is recognized on this transaction. B. A loss on sale of $12,000. C. A gain on sale of $12,000. D. A gain on sale of $3,000. E. A loss on sale of $3,000.
Which of the following is true regarding the use of domain names?
A. Domain names cannot have hyphens or underscore symbols in them. B. Longer domain names are better than shorter ones. C. It is advantageous for a company to select a domain name that is similar to its competitor. D. A good domain name does not have to reflect what the site is about. E. It helps if a company's domain name is the same as its brand.
Project managers must be skilled at managing customer expectations and perceptions. Give three examples of how one can do this.
Fill in the blank(s) with the appropriate word(s).
Miller Corporation produces a single product. The company had the following results for its first two years of operation:??Year 1Year 2?Sales$1,200,000$1,200,000?Cost of goods sold800,000680,000?Gross margin400,000520,000?Selling and administrative expenses300,000300,000?Net operating income$100,000$220,000In Year 1, the company produced and sold 40,000 units of its only product; in Year 2, the company again sold 40,000 units, but increased production to 50,000 units. The company's variable production cost is $5 per unit and its fixed manufacturing overhead cost is $600,000 a year. Fixed manufacturing overhead costs are applied to the product on the basis of each year's unit production (i.e., a new fixed manufacturing overhead rate is computed each year). Variable selling
and administrative expenses are $2 per unit sold.Required:a. Compute the unit product cost for each year under absorption costing and under variable costing.b. Prepare a contribution format income statement for each year using variable costing.c. Reconcile the variable costing and absorption costing income figures for each year.d. Explain why the net operating income for Year 2 under absorption costing was higher than the net operating income for Year 1, although the same number of units were sold in each year. What will be an ideal response?