If performance of a contract is clearly inferior to the requirements of the contract, there is a material breach
a. True
b. False
Indicate whether the statement is true or false
True
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Which statement is not true? The manager's span of control
a. is narrow for routine and repetitive tasks b. is related to the number of layers of management c. affects the amount of detail provided to a manager d. can affect employee morale and motivation
Data for Dumouchelle, Inc follow
Dumouchelle, Inc Comparative Balance Sheet December 31, 2017 and 2016 2017 2016 Assets Current Assets: Cash $12,000 $10,200 Accounts Receivable, Net 16,100 16,800 Merchandise Inventory 45,000 31,000 Prepaid Expenses 6,500 3,900 Total Current Assets 79,600 61,900 Property, Plant, and Equipment, Net 265,000 233,000 Total Assets $344,600 $294,900 Liabilities Total Current Liabilities $9,900 $11,200 Long-term Liabilities 60,000 50,000 Total Liabilities 69,900 61,200 Stockholders' Equity Preferred Stock, 3%, $50 par 75,000 75,000 Common Stockholders' Equity, no par 199,700 158,700 Total Liabilities and Stockholders' Equity $344,600 $294,900 Prepare a horizontal analysis of the comparative balance sheet of Dumouchelle, Inc (Round to one decimal place.) What will be an ideal response
Lightfoot Company sells its product for $55 and has variable cost of $30 per unit
The total fixed costs are $25,000. What will be the effect on the breakeven point in units if variable cost increases by $10 due to an increase in the cost of direct materials? A) It will increase by 667 units. B) It will decrease by 667 units. C) It will decrease by 175 units. D) It will increase by 175 units.
Penn files a suit against Roadway Sign Company While the suit is pending, Roadway consolidates with Synchronized Signal Corporation to form Traffic Management, Inc. Now, liability in the suit, if any, rests with
A. Traffic. B. Roadway and Synchronized. C. Penn. D. no one.