Using vertical analysis of the income statement, a company's net income as a percentage of sales is 15%; therefore, the cost of goods sold as a percentage of sales must be 85%
a. True
b. False
Indicate whether the statement is true or false
False
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Explain the similarities and differences between job order costing and process costing. Focus on the characteristics of each system
Compared with formal reports, informal reports tend to be written in a more personal tone
Indicate whether the statement is true or false
Corporate Security Company provides other firms with security services.Questions of what is ethical involve the extent to which Corporate Security has
a. a legal duty beyond those duties mandated by ethics. b. an ethical duty beyond those duties mandated by law. c. any duty beyond those mandated by both ethics and the law. d. any duty when it is uncertain whether a legal duty exists.
Consider the product structure tree shown below:
Assume that the company using this product structure tree has 5 items each at the 0 level, 10 items each at the 1 level and 20 items each at the 2 level. How many units of A, B, and E will the company need to acquire in order to ship an order of 20 X's? What will be an ideal response?