The statute of frauds requires a written agreement for sales of merchandise costing
a. $250 or more.
b. $400 or more.
c. $500 or more
d. over $750.
C
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Answer the following statements true (T) or false (F)
1. In groupthink, putting pressure on dissenters is a sign of closed-mindedness. 2. Members of virtual teams are less likely to loaf than in face-to-face teams. 3. Bringing in outsiders is one way to stop the escalation of commitment. 4. The best groups strike a balance between unity and disunity. 5. Groups can abandon projects too soon as well as too late.
Irwin Corp. has fixed costs of $20,000 and a contribution margin ratio of 40%. Currently, margin of safety is $35,000. What are Irwin's current sales?
A. $37,500 B. $50,000 C. $85,000 D. $35,000
Dake Corporation's relevant range of activity is 2,000 units to 6,000 units. When it produces and sells 4,000 units, its average costs per unit are as follows: Average Cost per UnitDirect materials$6.55Direct labor$3.50Variable manufacturing overhead$1.40Fixed manufacturing overhead$2.60Fixed selling expense$0.70Fixed administrative expense$0.40Sales commissions$1.50Variable administrative expense$0.45 For financial reporting purposes, the total amount of period costs incurred to sell 4,000 units is closest to:
A. $8,100 B. $7,800 C. $4,400 D. $12,200
List and briefly discuss the difficulties in measuring productivity and performance gains from EC investments
What will be an ideal response?