Revocation of a will:
A)?Can occur through destruction
B)?Can occur partially through divorce.
C)?Both a and b
D)?None of the above
C
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Licenses are properly classified as intangible assets
Indicate whether the statement is true or false
Ahrends Corporation makes 70,000 units per year of a part it uses in the products it manufactures. The unit product cost of this part is computed as follows: Direct materials$17.80 Direct labor 19.00 Variable manufacturing overhead 1.00 Fixed manufacturing overhead 17.10 Unit product cost$ 54.90 An outside supplier has offered to sell the company all of these parts it needs for $48.50 a unit. If the company accepts this offer, the facilities now being used to make the part could be used to make more units of a product that is in high demand. The additional contribution margin on this other product would be $273,000 per year.If the part were purchased from the outside supplier, all of the direct labor cost of the part would be avoided. However, $8.20 of the fixed manufacturing
overhead cost being applied to the part would continue even if the part were purchased from the outside supplier. This fixed manufacturing overhead cost would be applied to the company's remaining products.What is the maximum amount the company should be willing to pay an outside supplier per unit for the part if the supplier commits to supplying all 70,000 units required each year? (Round your intermediate calculations to 2 decimal places.) A. $54.90 per unit B. $50.60 per unit C. $58.80 per unit D. $3.90 per unit
Crafting a company's strategy is best described as
A. always the product of brilliant corporate entrepreneurs. B. the exclusive province of top management-owner-entrepreneurs, CEOs, and other very senior executives. C. being assumed by an elite group of corporate entrepreneurs. D. involving the board of directors in the lead role in crafting a company's strategy. E. delegation of considerable strategy-making authority to down-the-line managers in charge of particular subsidiaries, product lines, geographic sales offices, and plants in companies that are diversified geographically or by product/market.
The Boot Department at the Omaha Department Store is being considered for closure. The following information relates to boot activity: Sales revenue$350,000 Variable costs: Cost of goods sold 280,000 Sales commissions 30,000 Fixed operating costs 90,000 If 70% of the fixed operating costs are avoidable, should the Boot Department be closed?
A. No, Omaha would be worse off by $13,000. B. Yes, Omaha would be better off by $50,000. C. Yes, Omaha would be better off by $23,000. D. No, Omaha would be worse off by $40,000. E. None of the answers is correct.