The extent, or relative size, of fixed costs in the total cost structure is known as operating leverage.
Answer the following statement true (T) or false (F)
True
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Which of the following is not a true statement regarding SFAS No. 35?
a. It established accounting standards for the measurement and reporting of plan assets and plan obligation. b. It was a landmark standard because it defined the pension plan as a new entity, separate, and distinct from the sponsoring company. c. It defined plan obligations as accumulated benefits, both vested and unvested. d. It required information about the sponsor’s obligations to be reported as a note in the sponsor’s financial statements.
In activity-based costing, an activity can involve several related tasks.
Answer the following statement true (T) or false (F)
An advantage that direct or subsidized student loans have over other types of loans is
A) the after-tax interest rates are very attractive compared with other loans. B) you can borrow at a below-market rate, regardless of your credit situation. C) in an emergency, you can declare bankruptcy and avoid repayment. D) you have the rest of your life to pay it back. E) both A and B are correct.
Creating a cash flow statement requires that you determine
A) assets. B) liabilities. C) cash used for expenses. D) market value of investments.