Mary was just appointed a vice president of lmn corporation and placed in charge of their chicago plant. as soon as she takes over, she hires a new employee and signs a contract for the purchase of needed supplies from joe's supply. when the payroll arrives at the lmn corporate office for approval, the president refuses to approve payment for the new employee that mary hired. similarly, the president refuses to approve payment for the supplies purchased from joe's. the new employee and joe sue both lmn and mary for payment. what is the result?

Dodd corporation uses the weighted-average method in its process costing system. this month, the beginning inventory in the first processing department consisted of 400 units. the costs and percentage completion of these units in beginning inventory were:

He set of companies a product goes through on the way to the consumer is called the a. economic utility b. cottage industry c. market saturation d. distribution chain

The treasurer for pittsburgh iron works wishes to use financial futures to hedge her interest rate exposure. she will sell five treasury futures contracts at $139,000 per contract. it is july and the contracts must be closed out in december of this year. long-term interest rates are currently 7.30 percent. if they increase to 9.50 percent, assume the value of the contracts will go down by 20 percent. also if interest rates do increase by 2.2 percent, assume the firm will have additional interest expense on its business loans and other commitments of $149,000. this expense, of course, will be separate from the futures contracts. a. what will be the profit or loss on the futures contract if interest rates increase to 9.50 percent by december when the contract is closed out