The term "discretionary costs" refers to
a. costs that management decides to incur in the current period to enable the company to achieve objectives other than the filling of orders placed by customers.
b. costs that are likely to respond to the amount of attention devoted to them by a specified manager.
c. costs that are governed mainly by past decisions that established the present levels of operating and organizational capacity and that only change slowly in response to small changes in capacity.
d. amortization of costs that were capitalized in previous periods.
A
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What will be an ideal response?
The FASB and the IASB are reconsidering the role of uncertainty, or probability, in the definition, recognition, and measurement of liabilities. Existing recognition criteria include a probable future sacrifice of resources; one issue involves the minimum probability level to warrant recognition of an uncertain obligation as a liability. U.S. GAAP does not specify a minimum probability level,
although the rule-of-thumb in practice is approximately _____ percent. a. 50 b. 60 c. 70 d. 80 e. 90
Refer to the data given in the table for Acme Widgets, Inc. Solve the transportation problem using Excel Solver. (Remember that in balanced transportation problems all constraints—except the non-negativity constraints of the decision variables—should be set as an equal to (=) sign in the Excel Solver dialogue.) At the optimum solution, the total production at Montgomery is ______.
a. 2,500
b. 3,500
c. 4,500
d. 5,500
________ is a measure of economic growth that measures the total value of all products and services produced in the country
Fill in the blank(s) with the appropriate word(s).