When trading there are "round trip" costs in that you will pay costs when you buy securities and when you sell securities
Indicate whether this statement is true or false.
Answer: TRUE
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All of the following statements regarding profit margin are true except:
A. Profit margin is calculated by dividing net income by net sales. B. Profit margin is also called return on sales. C. Profit margin is not a useful measure of a company's operating results. D. Profit margin can be used to compare a firm's performance to its competitors. E. Profit margin reflects the percent of profit in each dollar of revenue.
________ assess the success of a project or a decision
A) Meeting minutes B) Feasibility reports C) Recommendation reports D) Evaluation reports E) Trip reports
FIFO is the inventory costing method that follows the physical flow of the goods
Indicate whether the statement is true or false
The cost of wages paid to employees directly involved in the manufacturing process in converting materials into finished product is classified as:
A) factory overhead cost B) direct labor cost C) wages expense D) direct materials cost