Meatpackers, Inc, enters into a contract with Nemiah's Ranch for the delivery of a certain number of beef cattle on a set schedule. Nemiah's delays the first delivery for five days, aware that Meatpackers loses a certain percentage of profit each day. An award to Meatpackersof consequential damages would
A) establish, as a matter of principle, that Nemiah's acted wrongfully
B) provide Meatpackerswith funds for a foreseeable loss beyond the contract.
C) provide Meatpackerswith funds for its loss of the bargain.
D) punish Nemiah's and deter other suppliers from similar acts.
D
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When employers find lies on an applicant's résumé, most will
A) ignore it, since almost all applicants exaggerate their qualifications. B) call the applicant to discuss it. C) refuse to hire the applicant, even if it means withdrawing a formal job offer. D) keep the application active, but continue looking for other promising candidates. E) assume that the applicant simply made a mistake.
Letcher Corporation manufactures and sells one product. The following information pertains to the company's first year of operations: Variable costs per unit: Direct materials$89Fixed costs per year: Direct labor$616,000Fixed manufacturing overhead$3,472,000Fixed selling and administrative expenses$1,782,000 The company does not have any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, the company produced 56,000 units and sold 54,000 units. The company's only product is sold for $227 per unit.The company is considering using either super-variable costing or a variable costing system that assigns $11 of direct labor cost to each unit that is produced. Which of the following statements is true
regarding the net operating income in the first year? A. Variable costing net operating income exceeds super-variable costing net operating income by $22,000. B. Super-variable costing net operating income exceeds variable costing net operating income by $124,000. C. Variable costing net operating income exceeds super-variable costing net operating income by $124,000. D. Super-variable costing net operating income exceeds variable costing net operating income by $22,000.
A production process is considered in control if no more than to 6% of the items produced are defective. Samples of size 300 are used for the inspection process
a. Determine the standard error of the proportion. b. Determine the upper and the lower control limits for the p chart.
According to Graham and Harvey's 2001 survey (Figure 8.2 in the text), the most popular decision rules for capital budgeting used by CFOs are ________
A) NPV, IRR, MIRR B) MIRR, IRR, Payback period C) IRR, NPV, Payback period D) Profitability index, NPV, IRR