How a particular cost behaves (fixed versus variable) is dependent of whether the cost is classified as direct or indirect.
Answer the following statement true (T) or false (F)
False
How a particular cost behaves (fixed versus variable) is independent of whether the cost is classified as direct or indirect.
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Bumpas Enterprises purchases $4,562,500 in goods per year from its sole supplier on terms of 2/15, net 55. If the firm chooses to pay on time but does not take the discount, what is the effective annual percentage cost of its non-free trade credit? (Assume a 365-day year.)
A. 24.49% B. 20.24% C. 19.03% D. 18.62% E. 17.00%
In general, the greater a firm's reliance upon short-term debt or current liabilities,
A) there will be no effect on liquidity. B) the lower will be its liquidity. C) the greater will be its liquidity. D) liquidity will remain constant.
Which of the following statements is a characteristic of an affirmative action program?
A. It provides employee selection guidelines. B. It makes it illegal to discriminate against employees or applicants because of genetic information. C. It allows punitive and compensatory damages in cases of intentional discrimination. D. It provides guidelines to help firms eliminate discrimination against women and minorities.
To establish a T-1 connection, each end of a digital leased line requires which two devices that are usually combined into one unit?
A) a leased unit and an owned unit B) a private service unit and a public service unit C) a channel service unit and a data service unit D) a digital unit and an analog unit