To execute a valid will, a testator must remember the "natural objects of his or her bounty."
Answer the following statement true (T) or false (F)
True
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To assist the client the legal assistant prepared questions to be used during the deposition
What will be an ideal response?
Quality Products produces and sells screen-printed t-shirts to local organizations. The normal sales price per shirt is $12. Due to setup costs, they only accept orders of at least 100 shirts. The setup cost per order is $40 and the variable costs per
shirt are $3. Fixed overhead costs per month total $2,000. Quality Products has the capacity to screen-print as many as 5,000 shirts per month, but is currently producing around 3,000. On May 1, the company was approached by a local non-profit group who wishes to place a single order for 100 shirts. The non-profit group has indicated that they can only pay $5 per shirt. Required: A. List two qualitative factors that should be considered by Quality Products before accepting the special order. B. What are the total relevant costs of accepting the special order? C. From a quantitative basis, should they accept the special order? By what amount will Quality Product's net income increase or decrease if they accept the special order?
Alimony is the amount paid by both parties in a divorce to each other until the settlement agreement is finalized
Indicate whether the statement is true or false
Decorative Concrete produces a concrete overlay for residential and commercial concrete flooring. Customers have complained that one of the products results in excessive cracking. The likelihood the company will incur a loss on this product is probable and the amount of the loss is estimated to be somewhere between $1.5 and $3 million.1. Should this contingent liability be reported, disclosed in a note only, or both? Explain.2. What loss, if any, should Decorative Concrete report in its income statement?3. What liability, if any, should Decorative Concrete report in its balance sheet?4. What entry, if any, should be recorded?
What will be an ideal response?