Under the common law, what are the three ways in which a contract can be discharged by impossibility?
Destruction of the subject matter of the contract, death or serious illness in a personal services contract, and a change in the law.
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The amount of depreciation expense for the first full year of use of a fixed asset costing $95,000, with an estimatedresidual value of $5,000 and a useful life of 5 years, is $19,000 by the straight-line method
a. True b. False Indicate whether the statement is true or false
Which of the following is NOT a risk associated with the use of price differentiation to smooth demand?
A. The potential impact on the organization's image B. Customers becoming accustomed to low price C. Attracting undesired market segments D. Increased capacity utilization E. Customers paying higher prices may feel they are being treated unfairly
Which of the following statements about CEO compensation is accurate?
a. The ratio of CEO compensation to average nonmanagement employee compensation is about 20 to 1. b. The average pay of the 200 highest paid CEOs approaches $1 billion. c. Unlike employee and lower management compensation, CEO compensation is rarely tied to performance. d. According to the text, CEOs work on average fewer hours and at a less frenetic pace than most nonmanagement employees.
When computing the cost per equivalent unit, the weighted-average method of process costing considers:
A. costs incurred during the current period less cost of beginning work in process inventory. B. costs incurred during the current period only. C. costs incurred during the current period plus cost of ending work in process inventory. D. costs incurred during the current period plus cost of beginning work in process inventory.