All of the following are among the most important reasons why accounting standards differ around the world except:
a. differences in the state of economic development
b. differences in taxation
c. differences in inflation
d. differences in code law in all countries around the world
d
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Multiple optimal solutions provide ________ flexibility to the decision maker
A) greater B) less C) greater or equal D) less or equal
Suppose managers at Mahindra have determined the costs associated with producing hay balers are equal to the price that they charge for the hay balers. This indicates that Mahindra is producing at the ____ point.
A. breakeven B. marginal revenue less than marginal cost C. profit margin D. competitive price E. profit maximizing
Natural Laminate Corporation and Oak Wood Flooring Company combine so that all that remains after the papers have been signed is Natural Laminate. This is A) a consolidation
B) a merger. C) a purchase of assets. D) a share exchange.
Glew Corporation has provided the following information: Cost per UnitCost per PeriodDirect materials$6.00 Direct labor$3.35 Variable manufacturing overhead$1.75 Fixed manufacturing overhead $8,800Sales commissions$1.00 Variable administrative expense$0.40 Fixed selling and administrative expense $4,000 For financial reporting purposes, the total amount of period costs incurred to sell 4,000 units is closest to:
A. $9,600 B. $6,400 C. $4,000 D. $5,600