In order to be relevant, accounting information should have
A) timeliness
B) verifiability
C) confirmatory value
D) All of these choices
C
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Implementation of market penetration strategy is more risky and expensive than implementing a market development strategy
Indicate whether the statement is true or false
________ are tags that transmit identifying information and are attached to individual items, shipping cartons, and containers.
A. Radio frequency identification devices B. Vendor-managed inventories C. Data warehouses D. Data stores E. Electronic data interchanges
Trull Company uses a standard cost system. Variable overhead costs are allocated based on direct labor hours. In the first quarter, Trull had a favorable cost variance for variable overhead costs. Which of the following scenarios is a reasonable explanation for this variance?
A) The actual number of direct labor hours was lower than the budgeted hours. B) The actual variable overhead costs were higher than the budgeted costs. C) The actual variable overhead costs were lower than the budgeted costs. D) The actual number of direct labor hours was higher than the budgeted hours.
Jason and Lucy prepared a household budget in an attempt to manage their money better. They prepared the following list: Monthly Income (after taxes) = $4,500; Monthly Expenses (Necessities), which include Rent: $550, Auto Loan: $250, Student Loan: $200, Savings: $500, Food: $200; Total Monthly Expenses = $1,700; Amount Left Over = $2,800 (income less necessary expenses). The $2,800 they had left over is their ________.
A. disposable income B. discretionary income C. gross income D. profit E. personal income