For each of the following definitions, indicate the key term from the list that best matches by placing the appropriate terms.A. Component unitB. Financial reporting entityC. Financial accountabilityD. Joint ventureE. Other stand-alone governmentF. Primary government________ 1. A separate government or agency that is combined for purposes of reporting on the whole entity________ 2. The responsibility that exists when a primary government appoints a voting majority of an organization's governing board and it is able to (a) impose its will on the organization or (b) there is a potential for the organization to provide financial benefits or impose a financial burden on the primary government________ 3. A state government, general purpose local government, or special purpose government that
is independent of other state or local governments________ 4. A legally separate governmental organization that does not have a separately elected government body________ 5. Primary government and all related component units
What will be an ideal response?
1. A, 2. C, 3. F, 4. E, 5. B
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The costs for specific marketing-mix elements are factored into a marketing-mix model
Indicate whether the statement is true or false
The introduction of ________ fostered an era of "information technology."
A. computer technology B. the Internet C. globalization D. electricity
What is the significance of the financial life cycle?
A) To help you to compare your situation with other people's situation B) To better understand how your financial needs will most likely change over time C) To allow you to be more proactive in dealing with expected changes in the future and take steps today to prepare for them D) To help you realize that your original plan is sufficient and doesn't need to change E) Both B and C are significant aspects of the financial life cycle.
Morrisroe Corporation has provided the following information:??Cost per UnitCost per Period?Direct materials$6.65??Direct labor$3.30??Variable manufacturing overhead$1.70??Fixed manufacturing overhead?$10,000?Sales commissions$1.00??Variable administrative expense$0.50??Fixed selling and administrative expense?$5,000Required:a. If the selling price is $25.90 per unit, what is the contribution margin per unit sold?b. What incremental manufacturing cost will the company incur if it increases production from 5,000 to 5,001 units?
What will be an ideal response?