Someone who finds abandoned property acquires title to it and that title is good against the whole world, including the original owner
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Dream Threads Company sells hand-sewn shirts for $40 per shirt. It incurs monthly fixed costs of $7000. The contribution margin ratio is calculated to be 50%. What is the breakeven point in units? (Round your answer up to the nearest whole unit.)
A) 175 units B) 3500 units C) 80 units D) 350 units
The steam engine was replaced by the internal combustion engine using fossil fuels like diesel
and petrol. Which of the following environmental forces had the greatest influence in this case? A) technological forces B) political forces C) economic forces D) social forces
Assume a beginning inventory as follows: 10 units @ $1.00, 100 units @ $0.90, and 10 units @ $1.10 . A purchase of 80 units @ $1.05 is made, and then a sale of 110 units is made. Using perpetual LIFO, what is the cost of inventory on hand after the sale?
a. $28.00 b. $95.00 c. $82.00 d. $59.00 e. $88.00
Courts never question the adequacy of consideration
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