The concept of unused capacity is important in product categories with high-fixed-cost and high contribution-margin
Indicate whether the statement is true or false
TRUE
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Assume a government is a special-purpose government engaged in only one governmental activity. Which financial statements would be required?
A. Either government-wide or governmental fund basis statements. B. Statements combining the governmental funds and government-wide statements. C. Government-wide statements only. D. Both government-wide and governmental fund basis statements.
Debt guarantees are usually disclosed in the financial statement notes as a contingent liability.
Answer the following statement true (T) or false (F)
How might Starbucks ensure that it behaves in a socially responsible way toward members of its supply chain?
A. It can pay its employees minimum wage as required by law. B. It can purchase coffee beans from suppliers who pay coffee growers a fair price. C. It can use cups made from recycled paper. D. Social responsibility isn't relevant where channel partners are concerned; it has to do with serving society as a whole. E. It can offer healthy drinks and snacks in its stores.
Merchandise Inventory increased $28,000 and Accounts Payable decreased $19,600 during the year
Accounts Payable relates only to the acquisition of merchandise inventory. Sales were $796,000 and Cost of Goods Sold was $549,700. Compute the payment made to the suppliers. A) $577,700 B) $569,300 C) $597,300 D) $47,600