Income statements contain which of the following sections or categories, depending on the nature of a firm's earnings for the period?
a. income from continuing operations
b. income, gains, and losses from discontinued operations
c. extraordinary gains and losses
d. all of the above
e. none of the above
D
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Which of the following would be classified as a variable cost?
a. copy lease payment of $500 per month plus $0.01 per copy b. salary of the department manager c. straight-line depreciation on production equipment d. fabric for use in quilts to be produced
Who among the following is responsible for making business strategies in a large conglomerate?
A. the board of directors at the headquarters B. the general managers of individual business units C. the lower-level employees in the company D. the shareholder of the company
As credit standards are relaxed, sales are expected to ________ and the investment in accounts receivable is expected to ________
A) increase; increase B) increase; decrease C) decrease; decrease D) decrease; increase
Which of the following is included in the concept of direct marketing?
a. Direct mail b. Telemarketing c. E-mail d. All of the above e. Only a and b