Courts will allow recovery of damages actually suffered if an engagement ends
Indicate whether the statement is true or false
TRUE
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Witesman and Fernandez write that government officials ______.
A. do not have much trust in nonprofit organizations B. are more likely to award risky contracts to for-profit organizations C. monitor nonprofit organizations more than for-profit organizations D. award nonprofit organizations contracts for a longer period of time than for-profits
A franchisee pays a royalty fee for the continued use of a franchisor's trade name, property, and assistance
Indicate whether the statement is true or false
On January 1, Year 1, Rickson Corporation purchased 7,500 shares of AutoTech as an equity method investment for a total of $235,000. The 7,500 shares represent 30% of the outstanding (25,000) shares of AutoTech. Prepare the journal entries for Rickson to record the following transactions and events:Dec. 31, Year 1:AutoTech reported net income of $66,000 for Year 2.Feb. 1, Year 2:Sold 1,875 of the AutoTech shares for $33 per share. ??Nov. 1, Year 2:Rickson received a $0.90 per share cash dividend from AutoTech.Dec. 31, Year 2:AutoTech reported net loss of $46,000 for Year 2.
What will be an ideal response?
Rhome Corporation's relevant range of activity is 2,000 units to 6,000 units. When it produces and sells 4,000 units, its average costs per unit are as follows: Average Cost per UnitDirect materials$5.40Direct labor$3.55Variable manufacturing overhead$1.70Fixed manufacturing overhead$3.00Fixed selling expense$0.60Fixed administrative expense$0.40Sales commissions$1.00Variable administrative expense$0.40 If 5,000 units are produced, the total amount of manufacturing overhead cost is closest to:
A. $18,000 B. $23,000 C. $19,250 D. $20,500