The par value on a common stock is used as a basis for determining its fixed dividend
Indicate whether the statement is true or false
FALSE
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Forner, Inc., manufactures and sells two products: Product Z1 and Product Z8. The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity: EstimatedExpected ActivityActivity Cost PoolsActivity MeasuresOverhead CostProduct Z1Product Z8TotalLabor-relatedDLHs$112,1906002,0002,600Machine setupssetups 40,4405007001,200Order sizeMHs 609,7703,0003,2006,200 $762,400 The activity rate for the Order Size activity cost pool under activity-based costing is closest to:
A. $293.23 per MH B. $98.35 per MH C. $56.10 per MH D. $76.24 per MH
Chase Company's new product is expected to have a sales price of $16 and variable unit price of $8 . Fixed costs are expected to be $560,000 . What is the break-even point in units?
a. 56,000 b. 70,000 c. 37,333 d. 80,000
The income statement of Ride-on Motors, an automotive manufacturer, for the year ended December 31, 20x1, reported revenues $7,400 million and cost of sales of $6,000 million. In addition, it reported other operating expenses of $900 million, a loss of $2 million on the sale of a business, and net financing income of $200 million. Tax expense for the year was $100 million. Compute the amount of
net income or loss that Ride-on Motors reported for 20x1. a. net income of $198 million b. net income of $698 million c. net loss of $698 million d. net income of $598 million e. net loss of 598 million
Guardian Security, Inc, and Hedge Fund Corporation enter into an oral contract under which Guardian Security agrees to provide security services for Hedge Fund offices for as long as Hedge Fund needs them. This contract may be enforce¬able by
a. Guardian Security only. b. Hedge Fund only. c. any interested third party, such as a Hedge Fund shareholder. d. either Guardian Security or Hedge Fund.