A(n) ____ of data typically includes a number of different fields.
A. row
B. collection
C. assignment statement
D. variable
Answer: A
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Answer the following statements true (T) or false (F)
1. The margin of safety can be used to evaluate a company's plans for the future. 2. If variable costs increase, and all other factors remain the same, the margin of safety will become smaller. 3. If variable costs decrease, and all other factors remain the same, the margin of safety will become larger. 4. If fixed costs increase, and all other factors remain the same, the margin of safety will become larger. 5. The degree of operating leverage is the ratio that measures the effects that variable costs have on operating income when sales volume changes.
Zero-based budgeting requires the preparation of budget from scratch
Indicate whether the statement is true or false
For businesses, consumer penalties are part of doing business in a highly competitive marketplace
Indicate whether the statement is true or false a. True b. False
Richardson Auto Supplies reported the following income statement for the year ended December 31,2017
Richardson Auto Supplies Income Statement Year Ended December 31, 2017 Sales Revenue $ 426,500 Cost of Goods Sold Beginning Merchandise Inventory $ 36,000 Net Cost of Purchases 273,800 Cost of Goods Available for Sale 309,800 Less: Ending Merchandise Inventory 41,100 Cost of Goods Sold: 268,400 Gross Profit 158,100 Operating Expenses 122,600 Net Income $ 35,500 Compute inventory turnover rate for the year. (Round to two decimal places.) Compute days' sales in inventory for the year. (Round to two decimal places.) What will be an ideal response