In the prototyping approach, end users create their own applications
Indicate whether the statement is true or false
FALSE
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A population is the total of all the elements that share some common set of characteristics
Indicate whether the statement is true or false
The Report of Management in Brighton Company's annual report states, "Management has established a system of internal controls to provide reasonable assurance that assets are maintained and accounted for in accordance with its policies and that transactions are recorded accurately on the company's books and records." Name five control activities Townsgate could and probably does implement
When a salesperson asks a customer to prepare a note or letter of introduction that can be delivered to the potential customer, this person is using which prospecting method?
A) networking B) mail inquiry C) cold canvass D) referral E) trade show
[The following information applies to the questions displayed below.] Galaxy, Inc., a manufacturer of telescopes, began operations on June 1 of the current year. During this time, the company produced 60,000 units and sold 40,000 units at a sales price of $600 per unit. Cost information for this year is shown in the following table:Production costs Direct materials$90per unitDirect labor$75per unitVariable overhead$4per unitFixed overhead$420,000in totalNon-production costs Variable selling and administrative$80,000in totalFixed selling and administrative$520,000in totalGiven the Galaxy Inc. data, what is net income using variable costing?
A. $17,400,000 B. $16,800,000 C. $16,220,000 D. $11,275,000 E. $16,360,000