Variable costing has an advantage over absorption costing for which of the following purposes?
a. analysis of profitability of products, territories, and other segments of a business
b. determining the CVP relationship among the major factors of selling price, sales mix, and sales volume
c. minimizing the effects of inventory changes on net income
d. all of the above
D
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Canyon Booksellers received a check from Durango Books for $4,312 in payment of invoice no. 106, less cash discount of $88 . The invoice was recorded on August 6 for $4,400 . Canyon Booksellers would record a
a. debit to cash, $4,400 . b. credit to Accounts Receivable, Durango Books, $4,312. c. credit to Sales Discounts, $88. d. debit to cash, $4,312.
Jonathan, a salesperson in a home décor store, requests Sheila, one of his customers, to facilitate a meeting with a prospective customer who is Sheila's acquaintance. Sheila writes a letter recommending the prospect to try products from Jonathan's store. Which of the following prospecting methods is being used in this scenario?
A. Anecdote B. Cold call C. Trade notice D. Introduction E. Customer feedback
Bribery includes:
a. any scheme in which a person offers, gives, receives, or solicits something of value for, or because of, an official act or business decision with the knowledge or consent of the principal. b. the coercion of another to enter into a transaction or deliver property based on wrongful use of actual or threatened force, fear, or economic duress. c. any scheme in which an employee, manager, or executive has an undisclosed economic or personal interest in a transaction that adversely affects the company as a result. d. any scheme in which a person offers, gives, receives, or solicits something of value for the purpose of influencing an official act or business decision without the knowledge or consent of the principal.
Kanye from Challenge Appliances went through a training process to learn the importance of respecting individual differences. This is an example of which challenge/opportunity for organizations?
a. Workforce Diversity b. People skills c. Customer service d. Sustainability