Air freight has a high variable-cost-to-fixed-cost ratio because of the high costs of operating a flight
a. True
b. False
Indicate whether the statement is true or false
True
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Relationships typically begin with ______.
A. increased self-disclosure B. in-depth information C. broad topic coverage D. civility
GenTek Corporation uses Raw Material A in a manufacturing process. Balances on hand, purchases and requisitions of Raw Material A are given below: Jan. 1 Balance, 350 lbs. @ $3.70 5 Received 600 lbs. @ $3.80 12 Issued 200 lbs. 18 Issued 450 lbs. If GenTek Corporation maintains a perpetual inventory record of Raw Material A on a LIFO basis, it will show a month end inventory of:
a. $2,680 b. $1,540 c. $2,650 d. $2,648
Which planned shopping center focuses its merchandise mix on convenience goods?
a. regional shopping center b. community shopping center c. neighborhood shopping center d. string
Indicate whether each of the following statements is true or false.________ a) A patent with a useful life of 5 years and a legal life of 10 years is amortized over 5 years.________ b) Intangible assets with indefinite useful lives must be tested each year for impairment.________ c) If it is determined that the original value recorded for goodwill is too high, then an entry is made directly to Retained Earnings, reducing the balance in this account._____d) The entry to recognize an impairment loss on goodwill includes a debit to Amortization Expense and a credit to Goodwill._____e) The recognition of an impairment loss involves a cash outflow classified as a financing activity.
What will be an ideal response?