Under the UCC, the title to goods:
a. may pass when parties intend it to pass in a manner agreed upon.
b. may occur before the seller gives the buyer a special property in the goods.
c. must pass upon identification of non-fungible goods by the buyer.
d. may occur at any time after the risk of loss shifts to the buyer.
a
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Forsyth, Inc. uses estimated direct labor hours of 245,000 and estimated manufacturing overhead costs of $1,200,000 in establishing its predetermined overhead allocation rate for the year. Actual results showed the following:
The number of direct labor hours worked during the period was ________. (Round any intermediate calculations to two decimal places, and your final answer to the nearest whole number.)
A) 245,000 hours
B) 168,367 hours
C) 163,265 hours
D) 237,575 hours
When a corporation declares a stock dividend, which of the following is true?
A) Cash decreases. B) Equity remains the same. C) Equity decreases. D) Retained earnings increases.
Neef Corporation has provided the following financial data from its balance sheet and income statement: Year 2Year 1Total assets$1,302,000 $1,330,000 Total stockholders' equity$885,000 $880,000 Income StatementFor the Year Ended December 31, Year 2Sales (all on account)$1,420,000 Cost of goods sold 890,000 Gross margin 530,000 Operating expenses 493,000 Net operating income 37,000 Interest expense 17,000 Net income before taxes 20,000 Income taxes (35%) 7,000 Net income$ 13,000 The company's gross margin percentage for Year 2 is closest to:
A. 37.3% B. 59.6% C. 4076.9% D. 2.5%
Consider two different examples of cost-effective variety/flexibility and assess how each enterprise could learn from the other. What would each do differently or additionally? Would these ‘transplanted’ approaches succeed?
What will be an ideal response?