Backflush costing eliminates the need for a Cost of Goods Sold account
Indicate whether the statement is true or false
F
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Period costs are not considered when costing products for inventory
Indicate whether the statement is true or false
Which of the following is true of institutional advertising?
A) It is also known as public-service advertising. B) It describes products as customer services. C) It is primarily used to support sales promotion activities. D) It promotes the activities or point of view of an organization. E) It is used only by non-profit and government organizations.
Lafferty Corporation reported earnings per share of $9.75, paid a $6.00 cash dividend per share to preferred shareholders, and paid a $0.54 cash dividend per share to common shareholders. There were 10,000 shares of preferred stock outstanding and 600,000 shares of common stock outstanding during the year, and the market price per share of common stock was $41.60. Calculate the company's dividend yield for common stock.
What will be an ideal response?
After evaluating measures of performance, managers must
A. decide whether to take corrective action. B. measure outputs and behaviors. C. define detailed corrective action. D. compare standards to results. E. define acceptable standards in detail.