Additional railcars can be added to a freight train with only a minimal increase in its total variable cost, absent any limitations on train length
a. True
b. False
Indicate whether the statement is true or false
True
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The Income Summary account has a credit balance of $27,000 after the revenue and expense accounts have been closed. Which of the following is credited to close the Income Summary account?
A) Dividends B) Sales Revenue C) Cost of Goods Sold D) Retained Earnings
The economic development approach to the natural world suggests that sustainable business and sustainable economic development seek to create new ways of doing business in which business success is measured in terms of economic, ethical, and environmental sustainability.
Answer the following statement true (T) or false (F)
What is the second stage in the general adaptation syndrome?
a. Exhaustion b. Work overload c. Resistance d. Alarm
Indicate how each event affects the elements of the financial statements. Use the following letters to record your answer in the box shown below each element. You do not need to enter amounts. Increase = IDecrease = DNo Effect = NA(Note that "No Effect" means that the event does not effect that element of the financial statements or that the event causes an increase in that element that is offset by a decrease in that same element.) Belvedere Company recognized $2,500 of depreciation expense on a delivery van.AssetsLiabilitiesStk. EquityRevenuesExpensesNetStmt. of ?IncomeCash Flows???????
What will be an ideal response?