Costs of trading are referred to as ________ costs.
A. trading
B. menu
C. shoe-leather
D. transactions
Answer: D
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A company usually makes a reversing entry
A. on the first day of the next accounting period. B. at the end of the prior accounting period. C. on the second day of the next accounting period. D. on the last day of the next accounting period.
Eduardo's Texas Cantina had the following results for December 31, 2016 and 2017, respectively: 2016 2017 Cash $ 42,000 $ 49,000 Noncash current assets 162,000 175,000 Cash flows from financing activities 313,000 Cash flows from operating activities 72,000 What was the amount of cash flows from investing activities for 2017?
a. Cash inflow of $378,000 b. Cash outflow of $378,000 c. Cash outflow of $7,000 d. Cash outflow of $391,000
The breadth of the skills approach, which includes motivation, critical thinking, and personality, ______.
A. is considered a strength of this approach B. is considered a weakness of this approach C. adds to the precise nature of the approach D. adds to the approach's prescriptive value
A company sells two products-J and K. The sales mix is expected to be $3 of sales of Product K for every $1 of sales of Product J. Product J has a contribution margin ratio of 40% whereas Product K has a contribution margin ratio of 50%. Annual fixed expenses are expected to be $120,000. The overall break-even point for the company in dollar sales is expected to be closest to:
A. $263,420 B. $196,000 C. $252,632 D. $200,000