Congress enacts the Ad Restriction Act (ARA) to limit advertising in certain circumstances. The ARA will be considered valid if it directly advances a substantial government interest
A) ?and goes no further than necessary to achieve its purpose
B) ?without regard to how "far" it goes.
C) ?and the parties affected by it can elect how "far" to go in applying it.
D) ?and goes further than necessary to ensure full coverage.
A
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Indicate whether the statement is true or false
IFRS specifies that, in the context of inventories, market means
a. replacement cost, only. b. net realizable value, only. c. replacement cost, except that market may not exceed net realizable value and may not be less than net realizable value reduced by a normal profit margin. d. replacement cost, except that market may not exceed net realizable value and may not be less than present value of future cash flows. e. replacement cost, except that market may not exceed net realizable value and may not be less than the total amount of undiscounted future cash flows.
Mott Company's sales mix is 3 units of A, 2 units of B, and 1 unit of C. Selling prices for each product are $20, $30, and $40, respectively. Variable costs per unit are $12, $18, and $24, respectively. Fixed costs are $320,000. What is the break-even point in composite units?
A. 5,000 composite units. B. 1,600 composite units. C. 2,666 composite units. D. 1,111 composite units. E. 4,000 composite units.
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