Treasury shares are shares that are issued but not outstanding
Indicate whether the statement is true or false
T
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Victory Tire Company makes a special kind of racing tire. Variable costs are $220 per unit, and fixed costs are $10,000 per month. Victory sells 700 units per month at a sales price of $310. If the quality of the tire is upgraded, the company believes it can increase the sales price to $350. If so, the variable cost will increase to $230 per unit, and the fixed costs will remain the same. If Victory decides to upgrade, how will it affect operating income?
A) Operating income will decrease by $21,000. B) Operating income will decrease by $7000. C) Operating income will increase by $7000. D) Operating income will increase by $21,000.
A company's store was destroyed by an earthquake on February 10 of the current year. The only information for the current period that could be salvaged included the following: Beginning inventory, January 1:$44,000Purchases to date:$198,000Sales to date:$310,000Historically, the company's gross profit ratio has been 30%. Estimate the value of the destroyed inventory using the gross profit method.
What will be an ideal response?
How much space will be left unused? How many minutes of idle time remain for setting up the display?
What will be an ideal response?
A(n) ____________________ is filed in a public office when a security interest is no longer claimed in property of a debtor
Fill in the blank(s) with correct word