The post-closing trial balance would not include which of the following accounts?
a. Unearned Legal Fees
b. Dividends
c. Accumulated Depreciation–Office Equipment
d. Retained Earnings
B
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The purpose of studying financial statements is ________
A) to mechanically build portfolio analysis B) to understand those portions of the statements that have relevance for financial decision making C) to primarily investigate all portions of the statements that have relevance for dividend policy D) to mechanically learn how to read and understand footnotes
How does Michael Porter define support business activities? What do they include?
What will be an ideal response?
The ________ authorizes the U.S. government to clean up oil spills and spills of other hazardous substances in ocean waters within 12 miles of the shore and on the continental shelf and to recover the cleanup costs from responsible parties.
A. Clean Water Act B. Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) C. Federal Water Pollution Control Act (FWPCA) D. Marine Protection, Research, and Sanctuaries Act
Rhome Corporation's relevant range of activity is 2,000 units to 6,000 units. When it produces and sells 4,000 units, its average costs per unit are as follows: Average Cost per UnitDirect materials$5.40Direct labor$3.55Variable manufacturing overhead$1.70Fixed manufacturing overhead$3.00Fixed selling expense$0.60Fixed administrative expense$0.40Sales commissions$1.00Variable administrative expense$0.40If 5,000 units are sold, the total variable cost is closest to:
A. $60,250 B. $53,250 C. $68,250 D. $80,250