Answer the following statements true (T) or false (F)
1. Fixed cost per unit is assumed to be constant within a particular relevant range of activity.
2. During the current year, Dubois, Inc. incurred $9,000 in fixed costs and $13,000 in variable costs. If the number of units produced is halved next year, the company will incur $4,500 as fixed costs and $6,500 as variable costs.
3. Within the relevant range, the total fixed costs and the variable cost per unit remain the same.
4. Total fixed costs can change from one relevant range to another.
5. The high-low method requires the identification of the lowest and highest levels of total costs, not activity, over a period of time.
1. False
2. False
3. True
4. True
5. False
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Dodgers Company's beginning and ending total assets in the year 2019 were $19,700,000 and $22,300,000, respectively. Its asset turnover ratio for the year was calculated to be 1.9 times. Calculate the amount of net sales for the year 2019.
A) $25,940,000 B) $43,300,000 C) $39,900,000 D) $57,500,000
Salespeople have described the event planner as a(n) ________ because her personality type's strength is her spontaneity, persuasive powers, and loyalty.
A. thinker B. feeler C. perceiver D. senser E. intuitor
Shareholders are personally liable for the debts of a corporation
a. True b. False Indicate whether the statement is true or false
Leaders act irresponsibly when they fail to:
A. make reasonable efforts to prevent misdeeds on the part of their followers B. engage in destructive behavior C. ignore or deny ethical problems D. shoulder responsibility for the consequences of their directives