All of the costs that a firm must pay, even if there are no sales are
A) sales costs.
B) fixed costs.
C) contribution costs.
D) variable costs.
E) prices charged.
B
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All of the following objectives are reasons to allocate service department costs to compute full cost except to
a. provide information on cost recovery. b. abide by regulations that may require full costing in some instances. c. provide information on controllable costs. d. reflect production's "fair share" of costs.
Plans for new product development generally fall within the scope of aggregate planning
Indicate whether the statement is true or false
Which of the following is a measure of profit maximization to shareholders?
A) the timing of returns B) earnings per share C) current assets D) market risk premium
Hoppy steals two checks from Eagle Retail Stores, Inc.: a blank check and a check payable to the order of General Supplies Company (GSC), drawn on Eagle's account with First National Bank. Hoppy forges Eagle's signature on the blank check and makes it payable to himself. Hoppy forges GSC's indorsement on the back of the check payable to GSC, and adds "Pay to the order of Hoppy." At Friendly Credit, Inc., Hoppy indorses the back of both checks with his own name and gives them to Friendly for cash. Friendly does not know about the theft or the forged signatures and presents the checks to First National, which pays them. Eagle, which was not negligent, discovers the forgeries and asks First National to recredit its account. Who suffers the loss on each check?
What will be an ideal response?