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- Relevant Costs and Quality Improvement; Chapter 12 Each year, Worrix Corporation manufactures and sells 3,000 premium-quality multimedia projectors at $12,000 per unit. At the currentproduction level, the firm’s manufacturing costs include variable costs of $2,500 per unit and annualfixed costs of $6,000,000. Selling, administrative, and other expenses (not including 15% sales commissions) are $10,000,000 per year.[LO 17-1, 17-2, 17-6][LO 17-2, 17-5, 17-6][LO 17-1, 17-217-5, 17-6]Final PDF to printerblo17029_ch17_713-774.indd 767 02/19/18 09:10 AMChapter 17 The Management and Control of Quality 767The new model, introduced a year ago, has experienced a flickering problem. On average, thefirm reworks 40% of the completed units and still has to repair under warranty 15% of the unitsshipped. The additional work required for rework and repair caused the firm to add additional capacity with annual fixed costs of $1,800,000. The variable costs per unit are $2,000 for rework and$2,500,…ScenarioAntonio Mbaza is employed by Klincor. For the duration of his employment, both him and hisemployer contributed the legislated UIF amount on a monthly basis. After a particularly frustratingday at work, Antonio hands in his resignation to his employer and his employer accepts theresignation. A week later, Antonio contacts his former employer requesting that the relevantdocumentation be completed and released so that he can claim his UIF benefits, the employerdenies the request, indicating that Antonio does not qualify to apply for UIF.With reference to the scenario provided, comment on the former employer’s statement thatAntonio does not qualify for UIF, with consideration to the following: The validity of Antonio’s UIF claim. The categories for which UIF can be claimed. The duration for which Antonio could have expected to receive UIF payments.12 A bill of lading that states"consigned toJ. Smith" is a ? A .short form bill of lading B.negotiable bill of lading C. straight bill of lading D. long form bill of lading
- Under the frustration of purpose doctrine, performance is excused when: Group of answer choices 1. something that is essential to the promisor's performance is destroyed through no fault of the promisor, but its substitute is available. 2. statutes and legislation make the performance more difficult. 3. the promisor impliedly assumes the risk that the event would occur. 4. events occur after the formation of the contract that would make the return performance of the other party worthless to the promisor.Your insured lives in an apartment but takes a temporary position in another city and must store some me for fur ture items in a storage ware apartment is sublet to a friend. Subsequently, the warehouse is broken into and some of your Insured's furniture is stolen. What Would a Tenant © A) The actual cash value or replacement cost of the property stolen less the policy deductible, subject to the 10% limitation on property temporanlite O B Nothing. The loss is not covered © C The actual cash value or replacement cost of all the personal property stolen, less the policy deductble, subject to the polis limit © D That proportion of the loss which the value of the property at the warehouse bears to the total value of all of his her personal propertyIf the decedent owned property in other states, a separate, __________ probate might have to be opened-and a personal representative appointed—in each of those states. Multiple Choice leasehold contemporaneous statutory ancillary Sandy incurred a massive debt in medical expenses owed to a local hospital. She simply did not have the assets or income to pay the bill. Therefore, she contacted the hospital and requested a reduction in the bill, a payment plan and the opportunity to work off part of the bill by working at the hospital cafeteria. The hospital agreed. This is an example of a(n) Multiple Choice Judicial levy Workout Credit hearing Mediation A workout method that generates revenue with new innovations and modifying the company’s image or mission is Multiple Choice Renewal Replacement Retrenchment Repositioning
- Packed Corporation owns 60 percent of Snowball Enterprises’ stock. On January 1, 20X1, Packed sold $1.18 million par value, 6 percent (paid semiannually), 20-year, first mortgage bonds to Kling Corporation at 97. On January 1, 20X8, Snowball purchased $354,000 par value of the Packed bonds directly from Kling for $351,980. Required: Prepare the consolidation entry needed at December 31, 20X8, to remove the effects of the intercorporate bond ownership in preparing consolidated financial statements. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round your intermediate calculations. Round your final answers to nearest whole dollarWhite booked a flight for a business trip with his company’s travel agent. He filled out two expense reports for this trip,and on each report, he requested reimbursement for the cost of the ticket. On one report,he attached his airline stub as support for the expense. On the other report, he attached the travel agency’s invoice as support.What kind of scheme was White attempting? a. A false billing scheme b. A mischaracterized expense scheme c. An overstated expense scheme d. A multiple reimbursement schemeJP received an amount ofP100,000.00 from RT, payable on orbefore November 15, 2021. It isstipulated in their contract that incase no payment is received onNovember 15, 2021, JP will act asthe courier of plants in the liveselling business of RT until his loanis paid. However, despite demandfrom RT when the obilgationbecomes due, JP refused & stillrefuses to act as courier in theplants live sellinsiness of RT.
- 1. Roy asked Mark if he can use his phone for a week. If Roy agreed and allowed Mark to use his phone, what contract is created? Explain 2. Lance borrowed money from Renz. There was no stipulation to pay interest. Has Renz the right to demand interest? ExplainAnalyze TWO (2) of an Agent's responsibilities towards the Principal. Support each answer with reference to ONE (1) provision of the Contract Act 1950 and ONE (1) decided case.How can I match the terms to its defin