In a single-period system, if too much is ordered but not sold, the company may have to ______.

A. sell the excess at a discounted price
B. open new distribution centers
C. identify new markets
D. give it away to its employees


A. sell the excess at a discounted price

Business

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You want to show actual and budgeted expenses over the last five years for your company. The BEST graphic to use is a

a. line chart. b. bar chart. c. broken-bar chart. d. table.

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[The following information applies to the questions displayed below.]On January 1, Year 1, Vanguard Company purchased a copyright for $12,000. Vanguard estimated the remaining useful life of the copyright to be 6 years. Which of the following correctly shows the effect of the first year's amortization of Vanguard's copyright? Assets=Liab.+EquityRev.?Exp.=Net Inc.Stmt of Cash FlowsA.+ NA +NA + ?+OA B.? NA ?NA + ?NAC.NA + ?? NA ?NAD.? NA ?NA + ??OA  

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Which of the following is true of the sales budget?

A) It provides sales data that is used to prepare financial statements for external reporting purposes. B) It captures the variable and fixed expenses of the business. C) It is used in the production budget. D) It shows the cost of expected production in a period.

Business