Master data management is the disciplines, technologies and methods to ensure the currency, meaning and quality of data within one subject area
Indicate whether the statement is true or false
FALSE
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The goal of reengineering is to gain small incremental cost savings.
Answer the following statement true (T) or false (F)
Each sales transaction for a seller that uses a perpetual inventory system involves recognizing both revenue and cost of merchandise sold.
Answer the following statement true (T) or false (F)
_______ is a means of summarizing the branding strategy by displaying the number and nature of common and distinctive brand elements across the firm's products, revealing the explicit ordering of brand elements
a. brand equity b. branding strategy c. brand hierarchy d. brand loyalty
Wind Fall, a manufacturer of leaf blowers, began operations this year. During this year, the company produced 10,000 leaf blowers and sold 8,500. At year-end, the company reported the following income statement using absorption costing:Sales (8,500 × $45)$382,500 Cost of goods sold (8,500 × $20) 170,000 Gross margin$212,500 Selling and administrative expenses 60,000 Net income$152,500 Production costs per leaf blower total $20, which consists of $16 in variable production costs and $4 in fixed production costs (based on the 10,000 units produced). Fifteen percent of total selling and administrative expenses are variable. Compute net income under variable costing.
A. $237,500 B. $206,500 C. $246,500 D. $158,500 E. $146,500