What is the reason that two companies enter a joint venture together?
A. One company plans on buying the other.
B. Both companies are in danger of going bankrupt.
C. The project is too expensive for one company to handle alone.
D. The companies are no longer competitors.
E. One company has decided to become nonprofit.
Answer: C
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Flagstaff Company has budgeted production units of 7,900 for July and 8,100 for August. The direct materials requirement per unit is 2 ounces (oz.). The company requires to have safety stock of direct materials on hand at the end of each month to complete 20% of the units of budgeted production in the following month. There was 3,160 ounces of direct material in inventory at the start of July. The total ounces of direct materials to be purchased in July is:
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