In the independent auditors' report included with the annual report, management discusses the financial statements and provides the shareholders with explanations for certain amounts reported in the statements
a. True
b. False
Indicate whether the statement is true or false
False
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Answer the following statement true (T) or false (F)
Darwin Company sells glass vases at a wholesale price of $4 50 per unit. The variable cost to manufacture is $1.75 per unit. The monthly fixed costs are $8,500. Its current sales are 29,000 units per month. If the company wants to increase its operating income by 20%, how many additional units must it sell? (Round any intermediate calculations to two decimal places and your final answer to the nearest whole number.)
A) 130,500 glass vases B) 8,500 glass vases C) 34,182 glass vases D) 5,182 glass vases
Acme, Inc., produces widgets. To manufacture a new type of widget, it took 50 hours for the first widget. Acme estimates it has an 85% learning rate. Using the logarithmic approach, calculate the time it will take to manufacture the 50th widget.
a. 20.00 hours b. 18.25 hours c. 17.66 hours d. 22.45 hours