According to the Model Business Corporation Act (MBCA), the number of shares of capital stock the corporation is authorized to issue need not be included in the articles of incorporation.
Answer the following statement true (T) or false (F)
False
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When using the high-low method, the accountant assumes the fixed portion of mixed costs to be the lowest fixed amount incurred during the period under review
Indicate whether the statement is true or false
If demand falls by 1 percent when price is increased by 2 percent, then ________
A) elasticity is -1/2 B) demand is inelastic C) demand is elastic D) buyers are not price sensitive E) A and B
Which of the following is/are true regarding inventory?
a. Inventory refers to goods and other items that a firm owns and holds for sale or for further processing as part of its operations. b. Inventory is called "stock" in some countries. c. When the firm sells inventory, the carrying amount of that inventory becomes an expense. d. Inventories are a major asset for merchandising and manufacturing firms. e. all of the above
Revel Inc., a cell phone manufacturer, launched its new range of smartphones that could only be purchased on the company's official Web site and not at retail outlets. This limitation may be attributed to the__________element of Revel's marketing mix
Fill in the blanks with correct word.