Accent Furniture Has a Capacity of 30,000 Desk Chairs Per

question 102

Multiple Choice

Accent Furniture has a capacity of 30,000 desk chairs per year and is currently selling all 20,000 for $240 each.Country Bank has approached Accent with an offer to buy 800 chairs for only $210 each.Accent has a normal variable cost of $165 per chair, including $50 per unit in direct labor per chair.Accent can produce the special order on an overtime shift.This would result in direct labor being paid overtime at 150% of the normal pay rate.The annual fixed costs will be unaffected by the special order and it will not affect any of its other operations.What will be the impact on profit of accepting the order?

• A)Profit will decrease by $24,000.
• B)Profit will increase by $16,000.
• C)Profit will increase by $36,000.
• D)Profit will decrease by $4,000.

Identify the steps involved in opening, managing, and closing client files in a law firm.

Comprehend the professional obligations of a paralegal in handling client information and documents.

Understand the procedures for proper document management, including filing, storing, and disposing of legal documents.

Grasp the different types of legal fees and billing practices within law firms.

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Definitions:

Federal Reserve Act

The act of Congress that created the Federal Reserve System in 1913, establishing the central banking system of the United States.

Maximum Employment

An economic situation in which all available labor resources are being used in the most efficient way possible.

Stable Prices

A situation in the economy where prices of goods and services do not fluctuate significantly in the short term, contributing to economic stability.

Multiplier Effect

The additional shifts in aggregate demand that result when expansionary fiscal policy increases income and thereby increases consumer spending.