Which statement is true about women and leadership?
A. women are less effective leaders compared with men
B. women are not in high level leadership positions
C. women are underrepresented in elite leadership positions
D. women all lead differently than men
C. women are underrepresented in elite leadership positions
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Sale of finished goods is a part of the inventory management process.
Answer the following statement true (T) or false (F)
If cash is received from a customer, the customer's name should be written in the Account Credited column of the cash receipts journal
Indicate whether the statement is true or false
A company had no office supplies available at the beginning of the year. During the year, the company purchased $300 worth of office supplies. On December 31, $90 worth of office supplies remained. How much should the company report as office supplies expense for the year?
A. $90. B. $300. C. $190. D. $390. E. $210.
Answer the following statements true (T) or false (F)
1. The terms unit contribution and contribution margin are used interchangeably. 2. Contribution margin ratio is the ratio of contribution margin to net income. 3. Because contribution margin is based on sales price and variable costs, the contribution margin ratio can be calculated using either the total amounts or the unit amounts. 4. A contribution margin income statement classifies costs by function; that is, costs are classified as either product costs or period costs. 5. Contribution margin is the amount that contributes to covering the fixed costs and then to providing operating income.