Globalization and expansion of product lines have resulted in ______.
a. increased randomness and volatility of demand for products
b. predictable demand for products
c. stabilized revenue for companies
d. improved customer satisfaction
a. increased randomness and volatility of demand for products
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Which of the following in a process costing system helps in verifying the cost of ending work in process inventory for a period?
A) Materials requisitions and labor time tickets B) Cost recap included in the statement of production C) Cost recap included in the process cost report D) None of the these
Based on the income statements of the three following retail businesses, which company has the highest operating leverage? AlphaCompanyBetaCompanyGammaCompanyRevenue $200,000 $200,000 $200,000 Variable costs (95,000) (155,000) (125,000) Contribution margin 105,000 45,000 75,000 Fixed costs (80,000) (20,000) (50,000) Net income $25,000 $25,000 $25,000
A. Gamma Company B. They all have same operating leverage C. Alpha Company D. Beta Company
Which of the following is not true regarding horizontal analysis of income statements?
a. The analysis will express income and expense items as a percentage of total assets. b. The analysis will show changes in the amount of income and expense items from one period to the next. c. The earlier statement is used as the base for computing the amount and percent of change. d. The analysis may show both favorable and unfavorable trends.
For equivalent amounts of taxable income, the total tax liability of a couple using the married filing jointly status:
A. Will be less than single filing status. B. Will be more than married filing separately status. C. Will be more than single filing status. D. Cannot be determined with the information provided.