If a business operates in an industry that does not experience significant cost changes, should the business prepare its production cost report using the FIFO method or the weighted-average method? Explain your answer
What will be an ideal response
The business should use the weighted-average method. This method merges costs from the prior period with the current period. This creates a smoothing effect. The weighted-average method is easier to use, and the additional benefit derived from more detailed calculations would not outweigh the cost of obtaining them.
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______ control is an approach to organizational control that is characterized by informal and organic structural arrangements.
A. Relational B. Functional C. Decentralized D. Bureaucratic E. Market
Section 16 of the 1934 Act prohibits short-swing trading on the part of officers, directors and controlling shareholders who
a. own more than twenty-five percent of the company. b. are also on the board of directors of the company. c. own more than ten percent of the company. d. trade their shares in order to invest in another company.
Ethel's Exercise World plans to order three weight machines from Pete's Push, Pedal and Pull, Inc for a total of $15,000 . Pete's demands that Ethel's friend, Moneybags, a wealthy independent businesswoman (not connected with Ethel's business in any way) promise to pay Pete's for the three machines if Ethel's Exercise World does not. Which of the promises in this problem must be in writing to be
enforceable? a. The promise made by Ethel's Exercise World to buy the weight machines. b. Moneybag's promise to pay if Ethel's Exercise World doesn't. c. Both Moneybag's promise and Ethel's Exercise World's promise. d. None of the promises in this problem need to be in writing.
A township is six miles square
Indicate whether the statement is true or false