A common size income statement is prepared by dividing all amounts on the statement by net income.

Answer the following statement true (T) or false (F)


False

All amounts on the common size income statement are divided by net sales, not net income.

Business

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The just-in-time operating environment typically is characterized by the positioning of all similar machines together on the factory floor

Indicate whether the statement is true or false

Business

Which of the following is NOT one of the outcomes of job migration and the growing need for knowledge workers?

A. Increased the numbers of women in the workforce B. Increased average age of workers C. Increased demand for people with higher levels of education D. Decreased cultural diversity in multinational organizations

Business

This date is correctly punctuated: June, 2010

Indicate whether the statement is true or false

Business

Digital Storage, Inc, offers to sell provide cloud-computing services to Entrepreneur Enterprises, Inc, but mistakenly transposes some of the digits in the price so that $15,400 appears in the offer as $14,500. Entrepreneur Enterprisesaccepts the written offer. Digital Storage'sbest defense against enforcement of the contract is that Entrepreneur Enterprisesknew

a. a bilateral mistake supports the cancellation of a contract. b. a mistake of value supports the cancellation of a contract. c. a unilateral mistake supports the cancellation of a contract. d. the price was below the prices of comparable devices.

Business