A contract may be considered legal although it
a. is specifically prohibited by statute.
b. involves gaming legalized by the state.
c. is contrary to public policy.
d. results in a crime if the person committing the criminal act is given a prison sentence.
B
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The most common type of discount is the quantity discount.
Answer the following statement true (T) or false (F)
In 2012, the average donation to the Community Kitchen was $900 with a standard deviation of $180. In 2013, the average donation was $1,600 with a standard deviation of $240. In which year do the donations show a more dispersed distribution?
What will be an ideal response?
SOX requires:
a. public companies to report all off-balance sheet transactions b. management to accept responsibility for maintaining adequate internal controls c. Officers to certify that company accounts fairly present the results of operations d. all of the above.
Azucar, Inc. has six processing departments for refining sugar—Affination, Carbonation, Decolorization, Boiling, Recovery, and Packaging. Conversion costs are added evenly throughout each process. Data from August for the Decolorization Department are as follows:
The ending Work-in-Process Inventory is 100% and 75% complete with respect to direct materials and conversion costs, respectively. The weighted-average method is used. Compute the cost per equivalent unit for direct materials and conversion costs. (Round any intermediate calculations and your final answer to two decimal places.)
A) $222.22 per metric ton for direct materials; $222.22 per metric ton for conversion costs
B) $81.48 per metric ton for direct materials; $200.00 per metric ton for conversion costs
C) $200.00 per metric ton for direct materials; $81.48 per metric ton for conversion costs
D) $222.22 per metric ton for direct materials; $150.00 per metric ton for conversion costs