Shareholder approval is not required to make any changes in a corporation

Indicate whether the statement is true or false

FALSE

Business

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NF Toy Company is unsure of whether to sell its product assembled or unassembled. The unit cost of the unassembled product is $24 and NF Toy would sell it for $52. The cost to assemble the product is estimated at $17 per unit and the company believes the market would support a price of $68 on the assembled unit. What decision should NF Toy make?

a) Sell before assembly, the company will be better off by $16 per unit. b) Process further, the company will be better off by $23 per unit. c) Sell before assembly, the company will be better off by $1 per unit. d) Process further, the company will be better off by $11 per unit.

Business

The flexible budget will report ________ for the fixed costs.

A) $50,500 B) $49,500 Favorable C) $49,500 D) $1,000 Unfavorable

Business