The Internal Revenue Service allows the use of both variable and absorption costing

Indicate whether the statement is true or false


F

Business

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Allen is preparing a pie chart for a child services organization to show how the expenditure on the administrative overhead is lower than the spending on services for the children. To make the chart easy to understand by the readers, Allen should:?

A) ?begin with the smallest slice at the 12 o'clock position. B) ?explode the slices to be emphasized. C) ?label only the slices that reflect service programs. D) ?use 3D-type formatting for the pie chart.

Business

In 2010 the United States posted a current account deficit of -$471 billion. The bulk of the negative value came from:

A) a net transfer deficit. B) an income balance deficit. C) a goods trade deficit. D) an income trade deficit.

Business

Write the following problem in tableau form. Which variables would be in the initial basic solution?

Min Z = ?3x1 + x2 + x3 s.t. x1 ? 2x2 + x3 ? 11 ?4 x1 + x2 + 2x3 ? 3 2x1 ? x3 ? ?1 What will be an ideal response?

Business

How many units per year must be sold with each process to have annual profits of $50,000 if the selling price is $6.95 per unit?

Three production processes—A, B, and C—have the following cost structure:

Business