Watson Company produces sunglasses. The price and cost information are as follows: Selling price per unit $14/unit Variable Manufacturing Costs (DM, DL, VOH) $3/unit Variable Operating Expenses $2/unit Fixed manufacturing overhead $121,000 Fixed operating expenses $86,000 Wellington Corp. has offered Watson $4 per unit for a special order of 5,500 sunglasses. Acceptance of the special order will not increase Watson's variable operating expenses, and fixed costs would remain unchanged. Watson has available capacity to fulfill the order. Should Watson accept the special order?A. Yes, accepting the special order would increase its operating income by $60,500
B. No, accepting the special order would decrease its operating income by $5,500
C. No, accepting the special order would decrease its operating income by $60,500
D. Yes, accepting the special order would increase its operating income by $5,500

(blank) is the type of competition that occurs in a competitive market without identical producers.

On september 12, ryan company sold merchandise in the amount of $5,800 to johnson company, with credit terms of 2/10, n/30. the cost of the items sold is $4,000. ryan uses the periodic inventory system and the net method of accounting for sales. on september 14, johnson returns some of the non-defective merchandise, which is restored to inventory. the selling price of the returned merchandise is $500 and the cost of the merchandise returned is $350. the entry or entries that ryan must make on september 14 is (are): multiple choice sales returns and allowances 490 accounts receivable 490 merchandise inventory 350 cost of goods sold 350 sales returns and allowances 490 accounts receivable 490 sales returns and allowances 500 accounts receivable 500 sales returns and allowances 490 accounts receivable 490 merchandise inventory 343 cost of goods sold 343 sales returns and allowances 350 accounts receivable 350

Which of the following statements about cash basis accounting is true? a. it is more complicated than accrual basis accounting. b. the irs allows all types of corporations to use it. c. it follows gaap standards. d. it ensures the company always knows how much cash flow it has.