It is simply too much to ask of employers to provide an ideally safe workplace.
Answer the following statement true (T) or false (F)
True
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Select the correct statement regarding relevant revenues.
A. Relevant revenues must not differ between the alternatives being considered. B. Relevant revenues must make a difference in the decision under consideration. C. Past or future revenues may be relevant. D. Revenues are not considered relevant in the same way as relevant costs.
This question is composed of two parts; be sure to answer both. First, compare and contrast open and closed systems. Explain why almost all businesses today have an open system. Next, suppose you manage a business in which you hire young musicians to give lessons to school children. In what ways will you need your business to be open?
What will be an ideal response?
Ahmed & Co. makes and sells two types of shoes, Plain and Fancy. Data concerning these products are as follows: Plain FancyUnit selling price$20.00 $35.00 Variable cost per unit 12.00 24.50 Sixty percent of the unit sales are Plain, and annual fixed expenses are $45,000. Assuming that the sales mix remains constant, the total number of units that Ahmed must sell to break even is:
A. 2,647. B. 4,737. C. 5,000. D. 2,432. E. None of the answers is correct.
Jambo invented a new flexible cover for a popular brand of cellphone, but did not have the finances to begin production of the cover. Instead, he sold all his rights to the invention (after patenting it) for $450,000 plus $.10 for each cover sold by the
company that purchased the patent. Jambo had a zero tax basis for the invention. What is the character of his gain from disposition of the patent?