An employee accidentally overstated the year's advertising expense by $50,000. Which of the following correctly depicts the effect of this error?
A. Cost of goods sold will be overstated by $50,000.
B. Both cost of goods manufactured and cost of goods sold will be overstated by $50,000.
C. Cost of goods manufactured will be overstated by $50,000.
D. Cost of goods sold will be overstated by $50,000, and cost of goods manufactured will be understated by $50,000.
E. None of the answers is correct.
Answer: E
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Volkswagen concentrates on the small-car market and Porsche on the sports car market. These would be examples of what is called ________
A) single-segment concentration B) selective specialization C) product specialization D) market specialization E) full market coverage
In a study the researcher was investigating attitudes toward airlines among male middle managers
Each airline attribute, such as wide-body aircrafts, was probed (why do you like to travel in wide-body aircrafts?) to determine why it was important (I can get more work done) and then that reason was probed (I accomplish more), and so on (I feel good about myself). The depth interview techniques used in the study is called ________. A) hidden issue questioning B) symbolic analysis C) laddering D) none of the above
Karl and Grady are managers of two product lines for Brewster Company. One of them is a candidate for promotion based on performance. Using the data below, determine who had the better performance using performance measures such as net income, profit margin, and return on investment. Show your calculations and support your answer.?KarlGradyRevenue....................$412,000$450,000Costs........................380,000411,000Average Assets.........400,000600,000
What will be an ideal response?
One additional coverage under the homeowners policy makes available up to 10 percent of the Coverage A limit to cover increased repair costs after a loss in order to comply with a stricter building code. This additional coverage is called
A) ordinance or law. B) reasonable repairs. C) concurrent causation. D) debris removal.