On January 1, 2016, Medley Corporation sold $200,000 of its 14%, five-year bonds dated January 1, 2016, for $206,000 total cash. The bonds sold at
A) 6.
B) a discount.
C) 103.
D) 206.
C
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When the cost of direct materials leaves the materials inventory account, those costs are next entered into which account?
a. Factory Overhead Costs; b. Direct Materials Inventory; c. Work in Process Inventory; d. Finished Goods Inventory; e. Products Inventory
Sundial Company manufactures and sells watches for $42 each. Tick-Tock Company has offered Sundial $30 per watch for a one-time order of 5900 watches. The total manufacturing cost per watch is $28 per unit and consists of variable costs of $20 per watch and fixed overhead costs of $8 per watch. Assume that Sundial has excess capacity and that the special pricing order would not adversely affect regular sales. What is the change in operating income that would result from accepting the special sales order?
A) increase of $59,000 B) decrease of $59,000 C) increase of $177,000 D) decrease of $177,000
Which best describes assumption of the risk in a negligence case?
A) The plaintiff was involved in an abnormally dangerous activity. B) The plaintiff is more at fault than the defendant in causing the accident. C) The defendant gave advance warning to the plaintiff that an injury would occur. D) The defendant knew that the conduct was risky, but nonetheless chose to engage in it. E) The plaintiff knowingly and willingly subjected herself to a risk, and by doing so, is not able to collect from a defendant even if all of the elements of negligence are present.
Qualitative methods are the least common type of forecasting method for the long-term strategic planning process
Indicate whether this statement is true or false.