The _____ design is essentially a holding company that results from unrelated diversification
A) H-form
B) U-form
C) divisional
D) departmental
E) M-form
A
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The fixed overhead efficiency variance is most useful in evaluating plant utilization
Indicate whether the statement is true or false
Meanings for words do not reside in their symbols; rather, they reside where?
A. on the page B. in the minds of those who use them C. in the inflection D. only in the dictionary
What types of goods are purchased frequently, immediately, and with minimum effort by the consumers?
A) specialty goods B) shopping goods C) unsought goods D) durable goods E) convenience goods
Rickles, Inc is a calendar-year corporation whose financial statements for 2013 and 2014 included errors as follows: Ending Depreciation Year Inventory Expense 2013 $30,000 overstated $25,000 overstated 2014 $10,000 understated $ 8,000 understated Assume that purchases were recorded correctly and that no correcting entries were made at December 31 . 2013 . or December 31 . 2014 . Ignoring income
taxes, by how much should Rickles's retained earnings be retroactively adjusted at January 1 . 2015? a. $27,000 increase b. $27,000 decrease c. $7,000 decrease d. $3,000 decrease