Widgeon Co manufactures three products: Bales; Tales; and Wales. The selling prices are: $55; $78; and $32, respectively. The variable costs for each product are: $20; $50; and $15, respectively. Each product must go through the same processing in a machine that is limited to 2,000 hours per month. Bales take 7 hours to process, Tales take 4 hours, and Wales take 1 hour. Assuming that Widgeon Co
can sell all of the products they can make, what is the maximum contribution margin they can earn per month?
A) $64,000
B) $70,000
C) $56,000
D) $34,000
D
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Which of the following involves the disclosure of unethical or illegal activities to someone who is in a position to take action to prevent or punish the wrongdoing?
A. Whistle-blowing B. Flyposting C. Gentrification D. Redlining
Costs that are necessary to sustain an organization's operations are referred to as ____________________________
Fill in the blank(s) with correct word
On July 2, 2019, a tornado destroyed an asset owned by Leigh Inc., a calendar year taxpayer. Leigh's adjusted tax basis in the asset was $22,700, and the reimbursement from its property insurance company was $35,000. If Leigh wants to defer recognizing its $12,300 realized gain, it must replace the asset no later than December 31, 2020.
Answer the following statement true (T) or false (F)
Chen is searching for a job and has prepared a thorough résumé that includes the customary sections, plus information related to his volunteer work and foreign travel. Including these "extras" has caused his résumé to be two pages in length. What advice would you give him?
a. If including the extra information will likely increase his chances of getting an interview, he should leave it in, regardless of whether it takes two pages. b. He should cut enough information to keep the résumé length to one page. c. He should leave the information in the résumé; just change the margin and font so that it all fits on one page. d. Don't worry about length; it is unimportant in résumé design.