If there is no "a" value in a linear cost equation, this is an indication that the cost is
a. fixed.
b. mixed.
c. variable.
d. either fixed or mixed.
C
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A principal who signs a contract with a third-party is obligated to perform that contract
Indicate whether the statement is true or false
A gratuitous assignment is revocable even after the assignor has made an effective delivery of the assignment to the assignee
a. True b. False Indicate whether the statement is true or false
The following information comes from the Galaxy Construction balance sheet
The value of common stock is $10,000, retained earnings equals $7,000, total common equity equals $17,000, preferred stock has a value of $3,000, and long-term debt totals $15,000. If the cost of debt is 8.00%, preferred stock has a cost of 10.00%, common stock has a cost of 12.00%, and the firm has a corporate tax rate of 30%, calculate the firm's WACC adjusted for taxes. A) 10.11% B) 10.00% C) 9.09% D) There is not enough information to answer this question.
Aaron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price$90 Units in beginning inventory 0Units produced 3,400Units sold 3,000Units in ending inventory 400 Variable costs per unit: Direct materials$21Direct labor$38Variable manufacturing overhead$6Variable selling and administrative expense$4Fixed costs: Fixed manufacturing overhead$54,400Fixed selling and administrative expense$3,000 What is the unit product cost for the month under absorption costing?
A. $85 per unit B. $69 per unit C. $81 per unit D. $65 per unit