A fast-food retailer that acquired a spice manufacturer would be practicing backward integration
Indicate whether the statement is true or false
TRUE
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When the contract rate is above the market rate, a bond sells at a discount.
Answer the following statement true (T) or false (F)
Consider the following events for Sophia Incorporated:April 5 Sophia purchases volleyballs for $200 on account.April 6 Sophia advertises a sand volleyball camp for $20 a person.April 12 Thirty people sign up for the camp paying a total of $600.April 21 Sophia hosts the sand volleyball camp.April 23 Sophia pays for the volleyballs purchased on April 5.Under cash-basis accounting, what is the appropriate day to record the revenues related to the sand volleyball camp?
A. April 21. B. April 23. C. April 12. D. April 5.
Data concerning Bazin Corporation's single product appear below: Per UnitPercent of SalesSelling price$100 100%Variable expenses 20 20%Contribution margin$80 80% Fixed expenses are $384,000 per month. The company is currently selling 6,000 units per month. The marketing manager would like to introduce sales commissions as an incentive for the sales staff. The marketing manager has proposed a commission of $9 per unit. In exchange, the sales staff would accept a decrease in their salaries of $46,000 per month. (This is the company's savings for the entire sales staff.) The marketing manager predicts that introducing this sales incentive would increase monthly sales by 500 units. What should be the overall effect on the company's monthly net operating income of this change?
A. decrease of $64,500 B. increase of $41,500 C. increase of $507,500 D. increase of $27,500
A sub-agency relationship is a breach of fiduciary duty
Indicate whether the statement is true or false