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It costs Garner Company $12 of unit variable costs to produce one bathroom scale which normally sells for $35. A foreign wholesaler offers to purchase 2,000 scales at $15 each. Garner would incur special shipping costs of $1 per scale if the order were accepted. Garner has sufficient unused capacity to produce the 2,000 scales. If the special order is accepted, what will be the effect on net income?
A) $4,000 increase
B) $4,000 decrease
C) $6,000 decrease
D) $30,000 increase
A thorough examination reveals there is nothing wrong with the filling machine. From a statistical standpoint,was there a type error made? If yes, which type? Explain?
Considering that it snows only once every ten years where Joe lives, Joe’s expectations are almost always perfectly accurate.” Are Joe’s expectations rational?
Hydrogen cyanide, HCN, is a poisonous gas. The lethal dose is approximately 300 mg HCN per kilogram of air when inhaled.
On October 31, the stockholders' equity section of Omar Company consists of common stock $600,000 and retained earnings $900,000. Omar is considering the following two courses of action:
A manager wishes to find out whether there is a relationship between the number of radio ads aired per week and the amount of sales of a product. the data for the sample are shown below?
Do you think favorable variances should be investigated? Why or why not?
Description of physical chemistry, Find delta Smix, delta Gmix, delta Hmix, and delta Vmix if 125 g of benzene and 25 g of naphthalene are mixed at 60 degrees C.
Sergo Games produces a variety of action games which sold more than 800,000copies. In 2011, the production plant prepared 3,000,000 CDs and incurred the following cost:
Recall that an element a is called algebraic over a ring (or field) R if a is the root of some polynomial in R[x].
The data comes from a set of scores on a 50 point Bilogy 101 test. 90 subjects took the test. The scores range from 12-50. How to make a simple frequency distribution table, using the raw data?
Prepare an ending 1998 Income Statement and Balance Sheet from the following information: Sales $800,000; Cost of Goods Sold $300,000; Accounts Receivables $20,000; Bonds Outstanding $160,000; Accounts Payable $20,000; Advertising Expense $1,000; ..
You are told that a company has a 20% profit margin and the discovered fraud has caused $1,400,000 more needed revenue to cover the fraud. How much was stolen? A. $280,000. B. $560,000. C. $1,400,000. D. $7,000,000. E. Some other amount.
Please describe the procedure used in either case and do you think there was sufficient internal control to prevent improper claims?
Over the last two years, Ed had spent nearly $600,000 in attorney fees. Ed had even offered his brother-in-law 50% of the winnings. How and where would you deduct the attorney fees?
Junior Company currently buys 30,000 units of a part used to manufacture its product at $40 per unit. Recently the supplier informed Junior Company that a 20 percent increase will take effect next year.
How much revenue will Drysdale recognize under the cash method and under the accrual basis? Describe how Drysdale should apply the matching principle to recognize expenses. Prepare an income statement according to the accrual method. Ignore income ta..
The Central Valley Company is a merchandising firm that sells a single product. The company's revenues and expenses for the last three months are given below:
The MedView brochure said, "Only 45 scans per month to cover the monthly equipment rental of $18000." *The footnote at the bottom of the brochure read: *"Assumes a reimbursable fee of $475 per scan."
High-volume retailers generally use the retail method for valuing inventories Instead of the various cost methods. Identify and evaluate the conditions that may distort the results under the retail method.Compare the advantages of using the retail..
Examine the four eras of business and make a prediction for what the next era will be like. Explain the rationale behind your prediction.
When a company ships product to a customer with the terms f.o.b. (free on board) destination, which of the following is true?
On January 1, 2007, Sloane Co. purchased 25% of Orr Corp.'s common stock; no goodwill resulted from the purchase. Sloane appropriately carries this investment at equity and the balance in Sloane's investment account was $720,000 at December 31, 20..
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