14 Aug 1) Which of the following is an advantage of corporations relative to partnershi

1) Which of the following is an advantage of
corporations relative to partnerships and sole proprietorships?

Reduced
legal liability for investors.

Lower
taxes.

Most
common form of organization.
Managers

2)
The group of users of accounting information charged with achieving the goals
of the business is its

creditors.

auditors.

investors.
managers

28) Seasons Manufacturing manufactures a product
with a unit variable cost of $100 and a unit sales price of $176. Fixed
manufacturing costs were $480,000 when 10,000 units were produced and sold. The
company has a one-time opportunity to sell an additional 1,000 units at $140
each in a foreign market which would not affect its present sales. If the
company has sufficient capacity to produce the additional units, acceptance of
the special order would affect net income as follows:

Income
would increase by $40,000.

Income
would decrease by $8,000.

Income
would increase by $8,000.

Income
would increase by $140,000.

29)Carter, Inc. can make 100 units of a necessary
component part with the following costs:?

Direct Materials

$120,000

Direct Labor

20,000

Variable Overhead

60,000

Fixed Overhead

40,000

If Carter
can purchase the component externally for $220,000 and only $10,000 of the fixed
costs can be avoided, what is the correct make-or-buy decision?

Buy
and save $30,000

Buy
and save $10,000

Make
and save $30,000

Make
and save $10,000

30) A company has a process that results in
15,000 pounds of Product A that can be sold for $16 per pound. An alternative
would be to process Product A further at a cost of $200,000 and then sell it
for $28 per pound. Should management sell Product A now or should Product A be
processed further and then sold? What is the effect of the action?

Process
further, the company will be better off by $20,000.

Process
further, the company will be better off by $180,000.

Sell
now, the company will be better off by $200,000.

Sell
now, the company will be better off by $20,000.

1) Which of the following is an advantage of
corporations relative to partnerships and sole proprietorships?Reduced
legal liability for investors.Lower
taxes.Most
common form of organization.Managers2)
The group of users of accounting information charged with achieving the goals
of the business is itscreditors.auditors.investors.managers28) Seasons Manufacturing manufactures a product
with a unit variable cost of $100 and a unit sales price of $176. Fixed
manufacturing costs were $480,000 when 10,000 units were produced and sold. The
company has a one-time opportunity to sell an additional 1,000 units at $140
each in a foreign market which would not affect its present sales. If the
company has sufficient capacity to produce the additional units, acceptance of
the special order would affect net income as follows:Income
would increase by $40,000.Income
would decrease by $8,000.Income
would increase by $8,000.Income
would increase by $140,000.29)Carter, Inc. can make 100 units of a necessary
component part with the following costs:?Direct Materials$120,000Direct Labor20,000Variable Overhead60,000Fixed Overhead40,000 If Carter
can purchase the component externally for $220,000 and only $10,000 of the fixed
costs can be avoided, what is the correct make-or-buy decision?Buy
and save $30,000Buy
and save $10,000Make
and save $30,000Make
and save $10,00030) A company has a process that results in
15,000 pounds of Product A that can be sold for $16 per pound. An alternative
would be to process Product A further at a cost of $200,000 and then sell it
for $28 per pound. Should management sell Product A now or should Product A be
processed further and then sold? What is the effect of the action?Process
further, the company will be better off by $20,000.Process
further, the company will be better off by $180,000.Sell
now, the company will be better off by $200,000.Sell
now, the company will be better off by $20,000.

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