Variable costs per unit increase proportionately with increases in volume of activity.
Answer the following statement true (T) or false (F)
False
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Which of the following is true regarding the U.S. economic environment of labor relations since 1960?
A. Economic upturns are associated with concession bargaining. B. Globalization has decreased. C. Real wages for high school graduates has been stagnant since the 1970s. D. the earnings gap between high school graduates and college graduates has decreased.
Bloomington, Inc is a merchandiser of stone ornaments
The company sold 7,000 units during the year. The company has provided the following information: Sales Revenue $550,000 Purchases (excluding freight in) 304,000 Selling and Administrative Expenses 69,000 Freight In 15,000 Beginning Merchandise Inventory 43,000 Ending Merchandise Inventory 42,000 What is the cost of goods sold for the year? A) $362,000 B) $320,000 C) $318,000 D) $305,000
Industrial classification systems allow marketers to divide business customers into groups based mainly on the types of goods and services provided.
Answer the following statement true (T) or false (F)
Plywood Corporation's consolidated cash flow statement for the year ended December 31, 20X8, reported operating cash inflows of $160,000, financing cash outflows of $90,000, and investing cash outflows $55,000, and an ending cash balance of $75,000. Plywood acquired 75 percent of Sawdust Company's common stock on July 1, 20X6, at book value. At that date, the fair value of the noncontrolling interest was equal to 25 percent of Sawdust Company's book value. Sawdust reported net income of $20,000, paid dividends of $8,000 in 20X8, and is included in Plywood's consolidated statements. Plywood paid dividends of $25,000 in 20X8. The indirect method is used in computing cash flow from operations.Based on the information provided, what was the consolidated cash balance at January 1, 20X8?
A. $85,000 B. $15,000 C. $60,000 D. $380,000