A customer of Mason Manufacturing has requested a one-time order at a reduced sales price. Before making the special pricing decision, what are three questions that management of Mason Manufacturing must consider?
What will be an ideal response
Does the company have the excess capacity available to fill the order?
Will the reduced sales price be high enough to cover the differential costs of filling the order?
Will the special order affect regular sales in the long run?
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Answer the following statements true (T) or false (F)
1. Production cost reports prepared using the first-in, first-out (FIFO) method determine the cost of equivalent units of production by accounting for beginning inventory costs separately from current period costs 2. Production cost reports prepared using the first-in, first-out (FIFO) method assume that the first units started in the production process are the last units completed and sold. 3. Production cost reports prepared using first-in, first-out (FIFO) method determine the average cost of equivalent units of production by combining beginning inventory costs with current period costs. 4. Production cost reports prepared using the first-in, first-out (FIFO) method assume that the first units started in the production process are the first units completed and transferred out. 5. Under the first-in, first-out (FIFO) method, the current period equivalent units of production for the units in the beginning inventory are always 100% complete.
Utility company AES has been recognized for its excellent code of conduct. Its five core values include safety, integrity, agility, fun, and excellence, which provide a framework for its code and all business decisions. It has been named one of Ethisphere's "World's Most Ethical Companies." However, AES executives know that a strong code of conduct by itself does not guarantee ethical conduct. Research indicates that the biggest determinant of ethical conduct (or misconduct) at AES likely stems from its _______________.
A. corporate culture B. disciplinary procedures C. adoption of values D. extent of ethics training E. revision of its ethics code
Business ethics deals exclusively with the relationships between business organizations and their external constituencies
a. True b. False
Although preferred stockholders have a greater chance of receiving a regular dividend, common stockholders have a greater chance of receiving large dividends
Indicate whether the statement is true or false