In a period of inflation, which of the following combinations of accounting methods will yield the lowest amount of current earnings?
a. LIFO and double-declining-balance method
b. FIFO and straight-line method
c. LIFO and straight-line method
d. FIFO and double-declining-balance method
A
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Evan's Electronics Boutique sells a digital camera. The following information was reported for the digital camera last month: Sales$17,600Variable expenses 9,680Contribution margin 7,920Fixed expenses 3,600Net operating income$4,320Evan's margin of safety in dollars and percentage are closest to:
A. $9,600 and 120% B. $8,000 and 45% C. $9,600 and 55% D. $8,000 and 83%
Manchester United, the British soccer team, has well documented personality conflicts among team members, yet the members are highly effective together on the field. Which level of organizational analysis does their ability to cooperate to be effective represent?
A. departments B. individuals C. organizations D. teams
In goal programming, terms are summed in the objective function in order to make consistent decisions
Indicate whether this statement is true or false.
In Hearts Bluff Game Ranch v. U.S., Hearts purchased a large piece of land that the Army Corps said could be used as mitigation property for wetlands purposes. Later, the state of Texas announced it was building a water reservoir that would put Hearts under water, so it could no longer be used for wetlands mitigation. Hearts sued for uncompensated taking as the property was more valuable for
mitigation than under a reservoir. The appeals held that: a. Texas would have to compensate Hearts for the value of the land as wetlands mitigation property, not as part of a reservoir b. the Army Corps would have to compensate Hearts for the difference in the value of the land for wetlands mitigation versus as part of reservoir property c. Hearts never has a specific right to mitigation banking, so lost no right due compensation d. the wetlands mitigation permit process was arbitrary and capricious, so nothing Hearts was told by theArmy Corp mattered and it had no rights to enforce e. none of the other choices