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2 years ago

8

Ashley received a scholarship to be used as follows:___________tuition $6,000; room and board $9,000; and books and laboratory s

upplies $2,000. Ashley is required to include only $9,000 in her gross income.A) TrueB) False

1 answer:

mojhsa [17]2 years ago

3 0

Answer:

A) True THE CORRECT ANSWER

Explanation:

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Larry is declared mentally incompetent. Beth, Larry’s friend, insists that Larry transfer her considerable assets to Beth "for s

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Donative intent.

Explanation:

Donative intent refers to the conscious desire to make a gift. This is different from giving something for nothing by mistake or under pressure.

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The city of Belgrade, Serbia, is contemplating building a second airport to relieve congestion at the main airport and is consi

sertanlavr [38]

Answer:

Alternatives Airport at X Airport at Y

Buy land at X 6 -14

Buy land at Y -21 12

Buy land at X and Y -15 -2

Do nothing 0 0

probability 0.55 0.45

Payoff if you buy land at X = (0.55 x 6) + (0.45 x -) = -3

Payoff if you buy land at Y = (0.55 x -21) + (0.45 x 12) = -6.15

Payoff if you buy land at X and Y = (0.55 x -15) + (0.45 x -2) = -9.15

Payoff for doing nothing = 0

The best option is simply doing nothing. The risks are too high, the potential losses are very large and the benefits are really low.

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6. What should you consider before purchasing an item or service?

Allisa [31]

Answer: F

Explanation: Because all of them except D is valid

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Assume that direct labor is a variable cost. The special order would have no effect on the company's total fixed manufacturing o

Tatiana [17]

Answer:

$5,370

Explanation:

Missing word: <em>"A customer has requested that Lewelling Corporation fill a special order for 2,100 units of product S47 for $26 a unit. While the product would be modified slightly for the special order, product S47's normal unit product cost is $19.20:</em>

<em>Direct materials $5.70, Direct labor 3.00, Variable manufacturing overhead 2.80, Fixed manufacturing overhead 7.70, Unit product cost $19.20"</em>

<em />

Incremental analysis

Incremental revenue (2100*26) $54,600

<u>Incremental cost</u>

Direct material (2100*$5.7) $11,970

Direct labor (2,100*$3) $6,300

Variable manuf. overhead (2,100*$80) $5,880

Additional cost (2100*$2.00) $4,200

Special molds $15,000

Total incremental cost <u>$49,230</u>

Incremental profit (loss) <u>$5,370 </u>

The annual financial advantage (disadvantage) for the company as a result of accepting this special order should be $5,370.

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