The potential rental value of space used for production activities
a. is a variable cost of production.
b. represents an opportunity cost of production.
c. is an unavoidable cost.
d. is a sunk cost of production.
B
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Wister Corporation had sales of $462,000 for the just completed year. Shown below are the beginning and ending balances of various Wister accounts: EndingBeginningCash and cash equivalents$105,000 $132,000 Accounts receivable$168,000 $142,000 Inventory$472,000 $536,000 Accounts payable$74,000 $91,000 Retained earnings$364,000 $292,000 Wister prepares its statement of cash flows using the direct method. On its statement of cash flows, what amount should Wister show for its sales adjusted to a cash basis (i.e., cash received from sales)?
A. $436,000 B. $462,000 C. $445,000 D. $488,000
One of the advantages of skill-based pay is continuous learning.
Answer the following statement true (T) or false (F)
One reason that large companies are able to succeed when competing based on a low-cost strategy is that they are able to take advantage of economies of scale.
Answer the following statement true (T) or false (F)
A popular adaptation of which systems theory model refers to an organization’s current state, a transition state, and a desired state?
a. Lewin’s three-phrase model b. Nadler-Tushman congruence model c. Burke-Litwin model d. Wiesbord Six-Box Model