When preparing the flexible budget for factory overhead, variable costs may include all but the following:
a. insurance
b. shop supplies
c. electricity to run the machines
d. repair costs
a
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J. O'Keefe and J. Kisha combined for a 50/50 partnership in 1980 and continued to do business successfully for many years. In January 2011, J. Kimley offered to contribute a sizable amount of working capital and was accepted as a partner in the business. J. O'Keefe and J. Kisha each own 40% of the business and J. Kimley 20% of the business partnership. Profits and losses are to be shared
according to these percentages. Due to the lagging economy and a sudden loss of profits, all three agree to liquidate the business and enjoy a gain on the sale of their major asset, which was purchased in 1981 . This should be distributed a. 50% to J. O'Keefe; 50% to J. Kisha. b. 40% to J. O'Keefe; 40% to J. Kisha; 20% to J. Kimley. c. equally among the three partners at the time of the sale. d. 100% into the partnership dissolution revenue account.
The financial statements of a business are intended to supply information to several interested parties such as: management, present and potential owners, creditors, employees and their unions, governmental agencies, and sometimes the general public
a. True b. False Indicate whether the statement is true or false
A decade ago, a number of countries in Central Europe, Latin America, and Asia were expected to experience rapid economic growth. Today much attention is focused on opportunities in Brazil, Russia, India, and China
Give reasons for this shift using an example of a manufacturer.
Suppose that Airbus sells jetliners in the United States at prices below fair value, to drive Boeing out of business and then become a monopoly. This conduct is known as
a. persistent dumping. b. predatory dumping. c. sporadic dumping. d. subsidization dumping.