A firm expects to sell 25,000 units of its product at $11 per unit and to incur variable costs per unit of $6. Total fixed costs are $70,000. The pretax net income is:
A. $90,000.
B. $125,000.
C. $55,000.
D. $150,000.
E. $380,000.
Answer: C
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An auditor performing an audit of internal control over financial reporting would be required to:
A. test all of the entity's internal controls. B. rely on the work of internal auditors. C. form an opinion on the effectiveness of internal control. D. randomly identify accounts for an audit of internal control.
If insured goods are shipped FOB destination, the seller should file a claim for goods damaged in transit
Indicate whether the statement is true or false
Using the automotive industry in Germany as an example, explain how competitive intensity in a focal industry affects national competitive advantage.
What will be an ideal response?
Details of the manufacturing activity in Amy Corporation's Assembly Department for the month of December is given below: Number of UnitsLabor and Overhead Percent CompleteWork in process inventory, Dec. 110,00070%Started in assembly during the month80,000 Work in process inventory, Dec. 3115,00040% All materials are added at the beginning of processing in the Assembly Department. The equivalent units for materials for the month, using the weighted-average method, is:
A. 90,000 B. 81,000 C. 70,000 D. 80,000