A customer acknowledgement is sent to the customer to notify him or her of the order's acceptance and the expected shipping date
Indicate whether the statement is true or false
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Some investing and financing activities involve no cash flows so they
a. represent no significant financial change. b. should be included in the three main sections of the statement of cash flows. c. should be reported in a separate section of the statement of cash flows. d. must be converted to cash at the end of the accounting period.
Which of the following is not true of changing performance beliefs after a retailer gets into the customers' consideration set?
A. A change in a performance belief about an important benefit should result in a large change in customers' overall evaluations. B. A retailer should focus on improving its performance on all benefits. C. It can get costly for a retailer to improve its performance on all benefits. D. Retailers must focus on improving their performance on those benefits that are important to customers in their target markets.
Comparisons between numerical data from different countries can be difficult because of all of the following EXCEPT:
A) units of measurement might differ. B) accuracy may vary across countries. C) frequency of census data collection can differ. D) differences in tax evasion rates affects reported business income. E) language differs across countries.
Argosy Marine Stores Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. Argosy uses standard costs to prepare its flexible budget. For the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows:
Direct materials: 4 pounds per unit; $4 per pound Direct labor: 4 hours per unit; $17 per hour Argosy produced 5000 units during the quarter. At the end of the quarter, an examination of the labor costs records showed that the company used 23,000 direct labor hours and actual total direct labor costs were $390,000. The direct labor efficiency variance was $51,000 U. Which of the following is a logical explanation for this variance? A) The company used more labor hours than allowed by the standards. B) The company paid a higher cost per hour for labor than allowed by the standards. C) The company used a higher quantity of direct materials than allowed by the standards. D) The company paid a higher cost for the direct materials than allowed by the standards.