The following information pertains to Nova Co.'s cost-volume-profit relationships: Breakeven point in units sold 1,000Variable expenses per unit$500Total fixed expenses$150,000 How much will be contributed to net operating income by the 1,001st unit sold?
A. $650
B. $500
C. $0
D. $150
Answer: D
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A company made the following purchases during the year: Jan. 1015 units @ $360 eachMar. 1525 units @ $390 eachApr. 2510 units @ $420 eachJuly 3020 units @ 450 eachOct. 1015 units @ $480 eachOn December 31, there were 28 units in ending inventory. These 28 units consisted of 2 from the January 10 purchase, 3 from the March 15 purchase, 4 from the April 25 purchase, 11 from the July 30 purchase, and 8 from the October 10 purchase. Using specific identification, calculate the cost of the ending inventory.
What will be an ideal response?
The Alchemy Chemical Company issues management team is certain that the population will continue to age but doesn’t think that this trend will impact the firm’s sales. For Alchemy population aging has ______.
A. high magnitude and low probability B. high magnitude and high probability C. low magnitude and high probability D. low magnitude and low probability
An important advantage of a corporate form of ownership is the reduction of stockholder liability
Indicate whether the statement is true or false
If Jim, Ken, and Lee each deposit 10,000 bushels of wheat in a grain elevator, they would own one-third of the mixture by:
a. accession. b. adverse possession. c. prescription. d. confusion.