Which of the following terms describes a clause registered on a title to land that prohibits the owner from constructing buildings of a certain nature?
A) restrictive title
B) restrictive covenant
C) indenture
D) easement
E) Prescription
B
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A company needs 8,600 hr of processing time during the course of its operations. One machine offers a processing time of 2,400 hr. In this case, the company should ______.
A. use four machines B. use only two machines so that they are fully utilized C. redesign its product so that it needs more processing time D. use three machines to achieve maximum utilization rate
All of the following are social costs associated with insurance EXCEPT
A) insurance company operating expenses. B) fraudulent claims. C) inflated claims. D) increased cost of capital.
A ______ is an example of a liquid asset. ?
A. fixed deposit of 3 years B. savings account C. tax D. retirement account E. car
Wetherald Products, Inc., has a Pump Division that manufactures and sells a number of products, including a standard pump that could be used by another division in the company, the Pool Products Division, in one of its products. Data concerning that pump appear below: Capacity in units 55,000Selling price to outside customers$82Variable cost per unit$53Fixed cost per unit (based on capacity)$11?The Pool Products Division is currently purchasing 4,000 of these pumps per year from an overseas supplier at a cost of $74 per pump.?Assume that the Pump Division is selling all of the pumps it can produce to outside customers. What should be the minimum acceptable transfer price for the pumps from the standpoint of the Pump Division?
A. $53 per unit B. $74 per unit C. $82 per unit D. $64 per unit