The strategy and structure of a firm change as the firm increases in size, diversifies into new product markets, and limits its geographic scope.

Answer the following statement true (T) or false (F)


False

The strategy and structure of a firm change as it increases in size, diversifies into new product markets, and expands its geographic scope.

Business

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The following information is provided by the Ferrara Corporation: Beginning retained earnings $ 50,000 Ending retained earnings 70,000 Dividends declared and paid 10,000 Revenue 50,000 What is the net income for Ferrara Corp?

a. $10,000 b. $20,000 c. $30,000 d. Unable to tell from the information provided.

Business

The entry that includes a debit to Payroll Taxes and Benefits Expense would also include credits to Social Security Tax Payable and Medicare Tax Payable

Indicate whether the statement is true or false

Business

The following costs were incurred for the ABC Co in January: Total manufacturing costs were:

a. $250,000 b. $270,000 c. $300,000 d. $275,000 e. None of the answers are correct.

Business

The number of equivalent units for direct materials and conversion costs must always be equal

Indicate whether the statement is true or false

Business