A contract drafted by a dominant party and then presented to the other party—the adhering party— on a "take it or leave it" basis is called a_________and it is generally_________
Fill in the blank(s) with correct word
adhesion contract; enforceable or valid
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Assets classified as property, plant, and equipment are reported at
a. each asset's estimated market value at the balance sheet date. b. each asset's estimated salvage value at the balance sheet date. c. the estimated depreciable cost at the balance sheet date. d. each asset's original cost less depreciation since acquisition.
Performance management is
a. A way for organizations to control employees b. The process of providing direction, feedback, and recognition to an employee in an organizational setting c. A requirement that is mandated by law d. Most useful to the human resources department
According to the Rokeach Value Survey, ________ values refer to preferable modes of behavior.
A) terminal
B) critical
C) instrumental
D) essential
E) flexible
Marsdon Company has an annual production capacity of 15,000 units. The costs associated with production and sale of the company's product are given below:Manufacturing costs:? Variable$12 per unit Fixed (annual cost)$90,000Selling and administrative costs:? Variable (sales commissions)$3 per unit Fixed (annual cost)$60,000The company presently is selling 12,000 units annually at a selling price of $28 each. A special order has been received from a distributor who wants to purchase 3,000 units at a special price of $20 each. Regular sales would not be affected by this order and the order could be filled without any impact on total fixed costs. Sales commissions on the special order would be reduced by one-third.Required:Determine whether the company should accept the special
order. What will be an ideal response?