Shares of ____________________ are shares that have been bought back by the issuing company
Fill in the blank(s) with correct word
treasury stock
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A company's product sells at $12 per unit and has a $5 per unit variable cost. The company's total fixed costs are $98,000. The contribution margin per unit is:
A. $12.00. B. $8.17. C. $7.00. D. $17.00. E. $5.00.
A legal memorandum compares a client's facts with facts of a reported case
a. True b. False
John Chilton was fired by his employer after five years of a reduction in staff. He was given severance pay of 8 weeks, as required by the provincial Employment Standards Act
He got a part-time job for three weeks immediately after being fired and has since collected employment insurance. Which of the following is NOT true? A) Chilton is clearly not entitled to any further amount. B) Chilton is entitled to an amount equivalent to the period established by reasonable notice. C) The amount collected in employment insurance must be deducted from the reasonable notice calculation. D) The amount made in part-time employment must be deducted from the reasonable notice calculation. E) Chilton had a duty to mitigate his damages.
Mendocino Gas and Storage uses the units-of-production method of depreciation. A piece of equipment costing $112,500 has 360,00 . estimated hours of operation and an estimated scrap value of $8,100 . It operated 56,00 . hours in the first year. Compute the book value at the end of the first year