The _____ proposes that a minority of a firm's customers purchase a majority of the volume of the product.
A. majority fallacy
B. equity fallacy
C. 80/20 principle
D. cannibalization rule
E. optimizer principle
Answer: C
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Answer the following statements true (T) or false (F)
Congress empowered the Securities and Exchange Commission (SEC) to regulate financial reporting in the 1930s.
Angie Manufacturing uses a standard cost system in which manufacturing overhead is applied to units of product on the basis of standard machine-hours. At standard, each unit of product requires one machine-hour to complete. The standard variable overhead is $1.75 per machine-hour and Budgeted Fixed Manufacturing Costs are $300,000 per year. The denominator level of activity is 150,000 machine-hours, or 150,000 units. Actual data for the year were as follows: Actual variable overhead cost$211,680 Actual fixed manufacturing overhead cost$315,000 Actual machine-hours 126,000 Units produced 120,000 Required:a. What are the predetermined variable and fixed manufacturing overhead rates for the year?b. Compute the variable overhead rate and efficiency variances for the year.c.
Compute the fixed manufacturing overhead budget and volume variances for the year. What will be an ideal response?
Terms of sale can produce statistical variations among companies within the same industry
Indicate whether the statement is true or false
A nuncupative will must include the testator's signature
Indicate whether the statement is true or false