An object cannot:
A) be a tangible entity.
B) be a concept.
C) be an artifact of the design process.
D) be a verb.
E) be an event.
D
Explanation: D) An object could be a tangible or visible entity (e.g., a person, place, or thing); it could be a concept or event (e.g., Department, Performance, Marriage, Registration); or it could be an artifact of the design process (e.g., User Interface, Controller, Scheduler).
CL
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Horizontal price fixing is also called resale price maintenance.
Answer the following statement true (T) or false (F)
A reasonable person test is a subjective test that applies to contracts involving personal taste and comfort
Indicate whether the statement is true or false
Pell Company acquires 80% of Demers Company for $500,000 on January 1, 2019. Demers reported common stock of $300,000 and retained earnings of $210,000 on that date. Equipment was undervalued by $30,000 and buildings were undervalued by $40,000, each having a 10-year remaining life. Any excess consideration transferred over fair value was attributed to goodwill with an indefinite life. Based on an annual review, goodwill has not been impaired.Demers earns income and pays dividends as follows: 2019 2020 2021Net income$100,000 $120,000 $130,000 Dividends 40,000 50,000 60,000 ??Assume the initial value method is applied.?Compute Pell's investment in Demers at December 31, 2021.
A. $625,000. B. $676,000. C. $500,000. D. $620,000. E. $592,400.
The IRU Company manufactures traditional wooden pencils. They have determined their variable cost/unit to be $0.012/pencil. Fixed costs, however, are quite high because of old processing equipment and costly packaging
The fixed costs are estimated at $140,000/month. IRU sells their pencils at a price of $13.248/gross. (There are 144 pencils in a gross.) How many grosses of pencils must be sold annually to break even?