A product should be processed further if no additional fixed costs are incurred in its processing.
Answer the following statement true (T) or false (F)
False
If the increased revenue from processing further is enough to offset the incremental cost, the product should be processed further.
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Employee fraud schemes in the area of reimbursement of expenses include all of the following except:
a. overstating expenses b. fake receipts c. overstating commissions d. using personal expenses as business expenses
Which of the following would be included in the entry to record the replenishment of a petty cash fund?
A) a credit to Petty Cash B) a debit to Accounts Receivable C) a credit to Cash D) a credit to Miscellaneous Expense
An increase in the contribution margin can be achieved by ________.
A) an increase in the sales price of a unit B) a decrease in variable costs per unit C) a combination of an increase in the sales price per unit and a decrease in variable costs per unit D) all of the above
With ______ recruiting, the organization does not openly advertise the position internally. Instead, it asks managers to privately nominate workers who they feel would be able to do the job that needs to be filled.
A. targeted B. closed C. open D. crisis