Which of the following items would be reported directly on the income statement as a period cost?
A. Wages paid to machine operators
B. Cost of lubricant for oiling machinery
C. Selling and administrative salaries
D. All of these.
Answer: C
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In advertising, ________ is a legal tactic, while ________ is not legal
A) puffery; an exaggerated claim B) an exaggerated claim; puffery C) bait-and-switch; puffery D) an exaggerated claim; bait-and-switch E) corporate social responsibility; social marketing
By allowing the U.S. citizens to practice any religion of their choice, what essential function of the law does the U.S. Constitution serve?
A) facilitating orderly change B) maintaining the status quo C) maximizing individual freedom D) facilitating planning
A stock just paid a dividend of D0 = $1.50. The required rate of return is rs = 10.1%, and the constant growth rate is g = 4.0%. What is the current stock price?
A. $23.11 B. $23.70 C. $24.31 D. $24.93 E. $25.57
Which one of the following is likely to be the least effective way of dealing with a difficult person?
A) Use non-hostile humor to poke fun at his or her behavior. B) Break down his or her self-confidence. C) Be tactful and diplomatic even when the person is a nuisance. D) Attempt to work out a deal with the person.