Firms that have water pollution permits must monitor their own performance and file what are called:
a. emission level reports
b. effluent monitoring reports c. effluent control reports
d. effluent emission reports e. none of the other choices
e
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As a Certified Management Accountant, Steven is bound by the Institute of Management Accountant's Standards of Ethical Conduct. Describe the actions Steven should take when faced with an ethical dilemma at work.
What will be an ideal response?
Baraban Corporation has provided the following data for its most recent year of operation: Selling price per unit$47 Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials$10Direct labor$6Variable manufacturing overhead$5Fixed manufacturing overhead per year$130,000Selling and administrative expenses: Variable selling and administrative expense per unit sold$5Fixed selling and administrative expense per year$63,000 Units in beginning inventory0Units produced during the year10,000Units sold during the year9,000Units in ending inventory1,000The net operating income (loss) under variable costing is closest to:
A. $9,000 B. $234,000 C. $189,000 D. ($4,000)
Bild-It-Rite Corporation is a public company that is poised to issue securities that do not qualify for an exemption from registration. This means that Bild-It-Rite must
A. file a registration statement with the SEC. B. issue the securities through an online registration site. C. refrain from issuing the securities to unregistered investors. D. register the securities with a national stock exchange.
Mason bought a rotisserie in preparation for a party he was planning. When he put a chicken on the rotisserie, it would not rotate, but stayed in one position where it burned the chicken on one side and left it raw on the other. When he returned the rotisserie to the store, the salesperson disclaimed any responsibility because he had never told Mason the rotisserie would rotate the food as it cooked. Does Mason have any recourse?
A. No, the salesperson did not make any express warranties. B. Yes, the salesperson made an express warranty just by selling the goods. C. Yes, although the salesperson did not make any express warranties, the UCC imposes an express warranty on the sale. D. Yes, although the salesperson did not make any express warranties, the UCC imposes an implied warranty of merchantability under which the rotisserie is guaranteed to be fit for the ordinary purposes for which it is used.