Dersett Trucking hauls granite for the major granite companies in Minnesota. Dersett Trucking does not make its trucking services available to the general public. Dersett Trucking is a contract carrier and does not incur strict liability.
Answer the following statement true (T) or false (F)
True
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Financial statements are prepared from the
a. trial balance b. adjusted trial balance c. general ledger d. general journal
Disagreement signals should be handled by using close-ended questions and projecting acceptance signals.
Answer the following statement true (T) or false (F)
Prior to formulating its annual budget, the government of the Asian country of Florenesia employs a number of individuals to look into the overall productivity of the country. These individuals are also responsible for studying and revising some of the taxation policies and gauging the employment rate. Given this information, these individuals are studying _____.
A. heterodox economics B. managerial economics C. microeconomics D. macroeconomics
Kneller Co. manufactures and sells medals for winners of athletic and other events. Its manufacturing plant has the capacity to produce 12,000 medals each month; current monthly production is 9,600 medals. The company normally charges $99 per medal. Cost data for the current level of production are shown below:Variable costs:?Direct materials$480,000Direct labor$153,600Selling and administrative$24,960Fixed costs:?Manufacturing$144,000Selling and administrative$78,720The company has just received a special one-time order for 500 medals at $89 each. For this particular order, no variable selling and administrative costs would be incurred. This order would also have no effect on fixed costs. Assume that direct labor is a variable cost.Required:Should the company accept this special
order? Why? What will be an ideal response?