As soon as a breach occurs, the victim has a duty to
a. notify the court.
b. mitigate the damages.
c. sue the breaching party.
d. contact a lawyer.
B
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Foreign-exchange brokers help commercial banks carry out foreign exchange trading and maintain desired balances of foreign exchange.
a. True b. False
A company's product sells at $12 per unit and has a $5 per unit variable cost. The company's total fixed costs are $98,000. The contribution margin per unit is:
A. $12.00. B. $8.17. C. $7.00. D. $17.00. E. $5.00.
Which of the following represents a customer that reneged due to the waiting line?
A) A husband and wife decide to eat out instead after seeing the movie ticket line. B) A car drives past the first fast-food restaurant on Hamburger Row because the drive-through was full. C) A Black Friday shopper skipped one store because the line went around the building. D) A student ordered pizza online because the phone line was busy. E) A customer at a gas station went inside to buy a soda, but after waiting in line for a minute left the soda behind and went outside empty-handed.
Gravity Manufacturing produces a chemical pesticide and uses process costing
There are three processing departments-Mixing, Refining, and Packaging. On January 1, the first department-Mixing-had no beginning inventory. During January, 41,000 fl. oz. of chemicals were started in production. Of these, 32,000 fl. oz. were completed, and 9,000 fl. oz. remained in process. In the Mixing Department, all direct materials are added at the beginning of the production process, and conversion costs are applied evenly through the process. The weighted-average method is used. At the end of January, the equivalent unit data for the Mixing Department were as follows: WHOLE UNITS Equivalent Units Equivalent Units Units accounted for Direct Materials Costs Conversion Costs Completed and transferred 32,000 32,000 32,000 Ending work-in-process* 9,000 9,000 3,600 41,000 41,000 35,600 * Percent complete for conversion costs: 40% In addition to the above, the costs per equivalent unit were $1.80 for direct materials and $5.25 for conversion costs. Using this data, calculate the cost of the units that were transferred out of the Mixing Department and into the Refining Department. A) $168,000 B) $110,400 C) $225,600 D) $57,600