Minimizing period by period increases in unit variable costs and total fixed costs defines effort of cost
a. control.
b. containment.
c. avoidance.
d. reduction.
b
You might also like to view...
Unearned revenues are generally:
A. Liabilities created when a customer pays in advance for products or services before the revenue is earned. B. Revenues that have been earned but not yet collected in cash. C. Revenues that have been earned and received in cash. D. Increases to common stock. E. Recorded as an asset in the accounting records.
When an employer offers a contributory pension plan, contributions are made jointly by employers and the government.
Answer the following statement true (T) or false (F)
U.S. depository institutions may be subject to as many as ________ separate regulators.
A. six B. five C. four D. eight E. seven
Blue Fin started the current year with assets of $840,000, liabilities of $420,000 and common stock of $240,000. During the current year, assets increased by $480,000, liabilities decreased by $60,000 and common stock increased by $330,000. There was no payment of dividends to owners during the year.Based on this information, what was the amount of Blue Fin's retained earnings at the beginning of the year?
A. $1,020,000 B. $420,000 C. $180,000 D. $660,000