The cost of goods sold decreases the balance in the Finished Goods Inventory account
Indicate whether the statement is true or false
True
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A(n) _____ is any manipulation of data, usually with the goal of producing information.
A. transaction B. process C. brownout D. encryption
Taylor manufactures 12,000 units of a part used in its production to manufacture guitars. The annual production activities related to this part are as follows: Direct materials, $24,000 Direct labor, $60,000 Variable overhead, $54,000 Fixed overhead, $84,000 Best Guitars, Inc, has offered to sell 12,000 units of the same part to Taylor for $22 per unit. If Taylor were to accept the offer, some of
the facilities presently used to manufacture the part could be rented to a third party at an annual rental of $18,000 . Moreover, $4 per unit of the fixed overhead applied to the part would be totally eliminated. In the decision to make or buy the part, what is the relevant fixed overhead? a. $30,000 b. $54,000 c. $84,000 d. $48,000
"Promotion" includes
A. publicity. B. advertising. C. sales promotion. D. personal selling. E. All of these may be included in Promotion.
Ecologically sustainable businesses such as Patagonia recognize that doing business following the traditional approach, focusing on quarterly earnings, is not complete because it does not focus on:
A. the negative impact of the business, such as excessive water usage. B. consumer needs for green merchandise. C. triple bottom-line accounting. D. the cost of environmental sustainability.