The result of the rush to invest in EC projects and start-up companies was the 2001 to 2003 "dot-com bust," when hundreds of EC startups went out of business and the stock market crashed
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TRUE
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Derby Inc. manufactures a product which contains a small motor. The company has always purchased this motor from a supplier for $125 each. Derby recently upgraded its own manufacturing capabilities and now has enough excess capacity (including trained workers) to begin manufacturing the motor instead of buying it. The company prepared the following per unit cost projections of making the motor, assuming that overhead is allocated to the part at the normal predetermined overhead rate of 150% of direct labor cost. Direct material$38 Direct labor 50 Overhead (fixed and variable) 75 Total$163 The required volume of output to produce the motors will not require any incremental fixed overhead. Incremental variable overhead cost is $21 per motor. What is the effect on
income if Derby decides to make the motors? A. Income will increase by $39 per unit. B. Income will decrease by $16 per unit. C. Income will increase by $16 per unit. D. Income will increase by $23 per unit. E. Income will decrease by $23 per unit.
One common characteristic shared by both the Roth IRA and traditional IRA is that both
A) have contribution limits. B) require that disbursements begin at age 70 1/2. C) cease contributions at age 70 1/2. D) have identical tax advantages.
Robbinsdale, Inc is a merchandiser of stone ornaments
The company sold 8,000 units during the year. The company has provided the following information: Sales Revenue $559,000 Purchases (excluding freight in) 303,000 Selling and Administrative Expenses 67,000 Freight In 14,000 Beginning Merchandise Inventory 46,000 Ending Merchandise Inventory 43,000 What is the cost of goods available for sale for the year? A) $363,000 B) $320,000 C) $349,000 D) $335,000
Illegality, such as a note for gambling, is a universal defense
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