In joint costing, the potential conflict between cost concepts used for decision making and cost concepts used for evaluating the performance of managers will be most severe when the ________ method is used

A) sales value at splitoff
B) physical measure
C) constant gross-margin percentage NRV
D) estimated NRV

Answer: B

Business

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What guidelines has the Supreme Court set forth when awarding punitive damages in most cases?

a. Punitive awards should not exceed compensatory damages by more than a factor of nine. b. The Supreme Court has not set any limits for punitive awards. c. Punitive awards should not exceed compensatory damages by more than a factor of one hundred. d. The Supreme Court has stated that punitive damages are allowed only when there are no compensatory damages awarded.

Business

You leave your poodle at a new grooming shop and tell them to wash the dog?a $30 service. They do that and also paint the poodle's nails and tie ribbons in his hair?these services are an extra $10 . You pay them for the wash. What about the extra $10 in services?

a. an express contract existed; you must pay the $10 b. an implied contract existed; you must pay the $10 c. a quasi-contract existed; you must pay the $10 d. no contract for these services existed, no extra payment e. the UCC would hold that no contract existed, so no payment

Business