The potential benefit that is given up when one alternative is selected over another is called a sunk cost.
Answer the following statement true (T) or false (F)
False
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Common measures of production activity used to allocate factory overhead are
a. indirect material costs; b. utilities costs; c. repair costs; d. direct labor costs; e. depreciation.
Strategic objectives for lululemon inc. do not include
A. building a robust digital ecosystem with key investments in customer relationship management, analytics, and capabilities to elevate guest experience across all touch points. B. increasing total comparable sales, which includes comparable store sales and direct to consumer. C. continuing to expand the brand globally through international expansion. D. improving employee job satisfaction. E. exploring new concepts such as stores that are tailored to each community.
MacKenzie Company sold $300 of merchandise to a customer who used a Regional Bank credit card. Regional Bank deducts a 1.5% service charge for sales on its credit cards and credits MacKenzie's account immediately when sales are made. The journal entry to record this sale transaction would be:
A. Debit Cash of $300 and credit Accounts Receivable $300. B. Debit Cash $295.50; debit Credit Card Expense $4.50 and credit Sales $300. C. Debit Cash $295.50 and credit Sales $295.50. D. Debit Cash of $300 and credit Sales $300. E. Debit Accounts Receivable $300 and credit Sales $300.
In a perfectly fitting chair, and you are a male in the 50th percentile, your chair should be:
A) 15.7 inches high. B) 16.7 inches high. C) 17.7 inches high. D) 18.7 inches high. E) none of the above