Kamal Company incurs both fixed and variable production costs. Assuming that production is within the relevant range, if volume goes up by 20%, then the total costs would ________
A) increase by 20%
B) remain the same
C) increase by an amount less than 20%
D) decrease by 20%
C
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What are the total proceeds from the February 1 sale?
a. $52,400 b. $51,500 c. $50,000 d. $52,000
Douglas pays Selena $39,000 for her 30% interest in a partnership with total net assets of $105,000. Following this transaction, Selena's capital account should have a credit balance of
A) $31,500 B) $39,000 C) $35,250 D) more than $39,000
The time required to complete a project is normally distributed with a mean of 80 weeks and a standard deviation of 10 weeks. The construction company must pay a penalty if the project is not finished by the due date in the contract
If a construction company bidding on this contract wishes to be 90 percent sure of finishing by the due date, what due date (project week #) should be negotiated? A) 81.28 B) 92.8 C) 81.82 D) .81954 E) None of the above
Level Grade Engineering, Inc, sometimes uses explosives to prepare land for construction projects. Strict liability is imposed on this activity because
A) ?Level Grade is a corporation B) the activity is inherently negligent. C) the activity is extremely risky. D) the amount of liability can be added to the costs of construction.