Fact Pattern 16-1BBayside Construction Company enters into a contract with Clio to remodel Dewey's Home Store, using products from Eagle Building Supplies. Fresh Food Café is next to Dewey's Home Store.Refer to Fact Pattern 16-1B. Halfway through the project, Bayside refuses to finish the job. The contract can be enforced against Bayside by
A. Clio only.
B. Clio or Dewey only.
C. Clio, Dewey, or Eagle only.
D. Clio, Dewey, Eagle, or Fresh Food.
Answer: B
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An accounting information system is said to have good flexibility, if it ________.
A) works smoothly with the business's employees and organizational structure B) safeguards a business's assets and reduces the likelihood of fraud and errors C) provides information that will improve decision making and reduce uncertainty D) accommodates changes in the business over time
Rob is working on the promotional plan for a new bicycle helmet that has added technology to sense when a bicycler has fallen and had a head injury. The technology then releases an audible signal that will help others know that there is an injury which needs treatment. This is considered to be a new product that is in the introduction stage of the product life cycle. Which type of promotion should Rob focus on?
A) Reminder B) Competitive C) Comparative D) Pioneer E) Repetitive
Scott Manufacturing Co's static budget at 10,000 units of production includes $40,000 for direct labor and $4,000 for electric power. Total fixed costs are $23,000. At 12,000 units of production, a flexible budget would show:
A) variable costs of $52,800 and $27,600 of fixed costs B) variable costs of $44,000 and $23,000 of fixed costs C) variable costs of $52,800 and $23,000 of fixed costs D) variable and fixed costs totaling $67,000
The Sarbanes-Oxley Act created the Public Company Accounting Oversight Board
a. True b. False Indicate whether the statement is true or false