Variable costs as a percentage of sales are equal to 100% minus the contribution margin ratio

Indicate whether the statement is true or false


True

Business

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If you are considering starting a business venture in your home, thoroughly investigate zoning ordinances, civic association rules, and ________.

A. the neighborhood B. deed restrictions C. distance from the Interstate D. proximity to city hall

Business

SUMURU was designed to serve exclusively as a distributed e-mail system for multiple-user systems

Indicate whether the statement is true or false

Business

A company had the following transactions during the year:1. Paid rent for the next two years, $8,000.2. Purchased office supplies on account, $2,400.3. Purchased equipment, paying $12,000 cash and issuing a note payable for $4,000.4. Borrowed from the bank, $6,000.5. Paid employee salaries, $7,200.6. Paid $2,000 on account related to transaction 2 above.7. Paid dividends to stockholders, $2,800.8. Sold land for $10,000 that was purchased in a prior year for $7,500.9. Collected cash from customers for services provided, $25,700.Calculate cash flows from operating activities, investing activities, and financing activities.

What will be an ideal response?

Business

The systems development function provides efficient and effective operation of the computer equipment.

Answer the following statement true (T) or false (F)

Business