In Moran v. Sims, where the house Sims built was surrounded by land owned by Moran, and Sims sued for an easement for access to his house, the courts held that:
a. a prescriptive easement was created by fraud b. Sims had no right to demand an easement
c. public policy required Sims to be given an easement so he could get to his house d. Sims had a prescriptive easement due to long access to the property
e. none of the other choices
d
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Division Y has asked Division X of the same company to supply it with 7600 units of part L763 this year to use in one of its products. Division Y has received a bid from an outside supplier for the parts at a price of $46.00 per unit. Division X has the capacity to produce 30,400 units of part L763 per year. Division X expects to sell 27,360 units of part L763 to outside customers this year at a price of $49.60 per unit. To fill the order from Division Y, Division X would have to cut back its sales to outside customers. Division X produces part L763 at a variable cost of $38 per unit. The cost of packing and shipping the parts for outside customers is $2 per unit. These packing and shipping costs would not have to be incurred on sales of the parts to Division Y.Required:a. What is the
range of transfer prices within which both the Divisions' profits would increase as a result of agreeing to the transfer of 7600 parts this year from Division X to Division Y? (Round your final answers to 2 decimal places.)Range of transfer prices?< Transfer price < ?b. Is it in the best interests of the overall company for this transfer to take place? A. No B. Yes
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When units are purchased at different costs over time, determining the cost per unit assigned to inventory items is simple.
Answer the following statement true (T) or false (F)
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