Regal Marine:
A) no longer builds boats with any wooden parts.
B) has replaced all human labor with robots.
C) treats the product design decision as critical to its success.
D) gets its competitive advantage by being the low-cost producer of boats designed by others.
E) designs several new boats each year, but contracts other firms for their manufacture.
C
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A seller may resell the goods when:
A. neither party breaches the contract, but the seller can make a higher profit upon resale to another buyer. B. the seller is sure that the buyer is going to breach the contract. C. the buyer breaches the contract, and the seller has possession of the goods. D. the seller breaches the contract, and the buyer has possession of the goods.
A Keogh plan may be established for
A) any market worker. B) only market workers already covered by a company-sponsored retirement plan. C) self-employed workers not already covered by a company-sponsored retirement plan. D) anyone earning at least a part of his or her income from self employment.
Ashley wrote a defamatory letter regarding Brian which she mailed to Brian, but which she did not show to anyone else. Ashley has committed:
a. the tort of slander. b. the tort of libel. c. neither libel nor slander, because there has been no publication of the letter. d. the tort of false light.
[The following information applies to the questions displayed below.]On January 1, Year 1, Jing Company purchased office equipment that cost $34,000 cash. The equipment was delivered under terms FOB shipping point, and transportation cost was $2,000. The equipment had a five-year useful life and a $12,000 expected salvage value.Assuming the company uses the double-declining-balance depreciation method, what are the amounts of depreciation expense and accumulated depreciation, respectively, that would be reported in the financial statements prepared as of December 31, Year 3?
A. $960 and $12,000 B. $8,640 and $23,040 C. $0 and $24,000 D. $5,184 and $28,224