Give three examples of property, plant and equipment.
What will be an ideal response?
Answers will vary (only three examples are required).
Examples of property, plant, and equipment include, but are not necessarily limited to, furniture, cash registers, machinery, delivery trucks, computers, mechanical robots, buildings, or office equipment. Note that one company may include all office equipment in one account, whereas another company might divide office equipment into computers, desks, chairs, and so on.
Land is not considered property, plant, and equipment. It is a category in itself.
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Favorable volume variances are never harmful, since achieving them encourages managers to run the factory above normal capacity
Indicate whether the statement is true or false
Which of the following statements is incorrect concerning liquidated damages?
a. A liquidated damages clause will be enforced if, when the contract was made, it was difficult to estimate actual damages. b. The amount of liquidated damages must be a reasonable estimation of the actual harm resulting from a breach. c. Nominal damages are not the same thing as liquidated damages. d. Liquidated damages are enforceable even if the amount is considered to be a penalty on the breaching party.
How might Stallion reorganise its many business activities into formal SBUs within a coherent divisional structure? Critique the logic of your proposals. (Conflated question)
What will be an ideal response?
Dunweiler Inc, is developing a pro forma income statement for the coming year. The chief financial officer estimates that sales will be $150,000,000
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