Which of the following statements about management or financial accounting is false?
a. Financial accounting must follow GAAP.
b. Management accounting is not subject to regulatory reporting standards.
c. Both management and financial accounting are subject to mandatory recordkeeping requirements.
d. Management accounting should be flexible.
C
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How will the sales cycle in this new territory most likely compare in length to the cycle in the established territories of Grackin Corporation?
A) It will be shorter, because the salespeople will be calling prospects to introduce the company. B) It will be shorter, because Grackin Corporation will not have to overcome false impressions. C) It will be longer, because the salespeople will have to introduce the company in cold calls instead of getting name recognition from prospects. D) It will be longer, because consumers in the new territory have not expressed a need for Grackin Corporation's products before. E) It will be the same, because sales presentations are independent of sales cycles.
The first step for an employee who is injured is to file a claim with the Workers Compensation Board
Indicate whether the statement is true or false
List the reasons that bring about the existence of mergers, though they tend to destroy rather than create shareholder value.
What will be an ideal response?
Simila Corporation has provided the following data for its most recent year of operation: Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials$11Direct labor$7Variable manufacturing overhead$5Fixed manufacturing overhead per year$308,000Selling and administrative expenses: Variable selling and administrative expense per unit sold$5Fixed selling and administrative expense per year$81,000 Units in beginning inventory0Units produced during the year11,000Units sold during the year9,000Units in ending inventory2,000 Which of the following statements is true?
A. The amount of fixed manufacturing overhead deferred in inventories is $56,000 B. The amount of fixed manufacturing overhead released from inventories is $56,000 C. The amount of fixed manufacturing overhead released from inventories is $459,000 D. The amount of fixed manufacturing overhead deferred in inventories is $459,000