The use of realistic predetermined unit costs to facilitate product costing, cost control, cost flow, and inventory valuation is a description of the
a. flexible budget concept.
b. budgetary control concept.
c. capacity level concept.
d. standard cost accounting concept.
D
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The Levi Company issued $200,000 of 12% bonds on January 1 at face value. The bonds pay interest semiannuallyon January 1 and July 1 . The bonds are dated January 1, and mature in five years, on January 1 . The total interestexpense related to these bonds for the current year ending on December 31 is
a. $2,000 b. $6,000 c. $18,000 d. $24,000
Fernando is the owner of Pick Food Restaurant. He makes an oral agreement with Purple Lotus Works for the design and production of 5,000 unique custom-made dinner plates with the logo of Pick Food Restaurant on them. Purple Lotus reworks its production schedule and creates dies to add Pick Food Restaurant's logo in the designer plates. A week later, Fernando calls Purple Lotus and says that he no longer wants the plates and calls off the deal. In this scenario, it is most likely that:
A. the parties' agreement is not valid since it was only an oral agreement. B. the agreement between Fernando and Purple Lotus is unenforceable and Fernando is protected under the statute of frauds. C. the parties' agreement is at Fernando's disposal because he is the customer. D. Purple Lotus is protected by the statute of frauds exception for specially-manufactured goods.
In an employment discrimination case, the Equal Employment Opportunity Commission (EEOC) will attempt to conciliate an agreement between a charging party and the employer if the EEOC's investigation finds reasonable cause that discrimination has occurred.
Answer the following statement true (T) or false (F)
Victor recommends that the organization focus on selling its products to people aged 65 and older. Victor is recommending the ______ strategy.
A. senior B. cost leadership C. differentiation D. niche