Xtreme Publications, Inc., disseminates obscene materials. This is
A. a crime under numerous state and federal statutes.
B. a privilege under Article IV, Section 2.
C. a right under the commerce clause.
D. a right under the First Amendment.
Answer: A
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Return on investment is computed by dividing income by
a. contribution margin. b. inventory turnover. c. assets invested. d. long-term assets.
Newton Company currently produces and sells 4,000 units of a product that has a contribution margin of $6 per unit. The company sells the product for a sales price of $20 per unit. Fixed costs are $18,000. The company is considering investing in new technology that would decrease the variable cost per unit to $8 per unit and double total fixed costs. The company expects the new technology to increase production and sales to 9,000 units of product. What sales price would have to be charged to earn a $99,000 desired profit assuming the investment in technology is made?
A. $22 B. $15 C. $13 D. $23
Compensation surveys provide the data for translating a policy into pay levels, pay mix, and structures.
Answer the following statement true (T) or false (F)
Standard material costs, standard labor costs, and standard overhead costs can be obtained from standard cost tables published by the Institute of Management Accountants.
Answer the following statement true (T) or false (F)