The rule of 7 ± 2 is also known as _________
Fill in the blank(s) with correct word
Miller's number
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Costs that remain the same, in total, when production levels change are:
a. fixed costs. b. semivariable costs. c. direct labor costs. d. factory burden costs.
The acceptable proposals are ranked in order of net present value, payback period or rate of return in capital investment decisions
Indicate whether the statement is true or false
Elder Corporation decided to change its depreciation policy by (1) changing from double-declining-balance depreciation, and (2) changing the estimated useful life on all automobiles used in the business from five years to four years. Which of the following is correct concerning these two changes?
a. Both are changes in accounting principle. b. Both are changes in accounting estimate. c. One is an error correction, and one is change in accounting principle. d. One is a change in estimate effected through a change in accounting principle, and one is a change in estimate.
In many factual situations, assault and battery occur together but with assault, a touching does not have to take place
a. True b. False