RioFit was recently cited for three separate violations and fined a total of $38,025, which represents the maximum penalty for each violation. Based on this, it is likely that
A. all three violations were willful.
B. all three violations were serious.
C. two violations were serious and one was willful.
D. two violations were serious and one was unavoidable.
Answer: B
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The primary issue in a sale-leaseback transaction is that
A) ?the seller-lessee recognizes a loss in the period of the transaction but defers any gain and amortizes it over the life of the lease. B) ?the seller-lessee recognizes a gain in the period of the transaction but defers any gain and amortizes it over the life of the lease. C) ?the seller-lessee recognizes a loss in the period of the transaction but defers any gain and amortizes it over the life of the lease. D) ?the seller-lessee recognizes a loss in the period of the transaction but defers any gain and amortizes it over the life of the lease.
How would a mediator with a settlement orientation behave while mediating?
What will be an ideal response?
A balance sheet covers activities over a period of time such as a month or year.
Answer the following statement true (T) or false (F)
San Juan Minerals (SJM) has two service departments and two operating departments. Operating data for these departments for last year are as follows: Service DepartmentsOperating Departments MaintenanceCafeteriaMiningProcessingDepartmental costs$48,000$45,000$70,000$130,000Machine hours 2,000 1,000 11,000 9,000Number of employees 40 30 400 360 Costs of the Maintenance Department are allocated on the basis of machine hours. Cafeteria costs are allocated on the basis of number of employees. SJM does not distinguish between variable and fixed overhead costs. Assuming that SJM allocates service department costs using the direct method, the total cost allocated from Cafeteria to Mining would be closest to:
A. $22,500 B. $21,687 C. $15,750 D. $23,684