Which of the following is not a perspective of the balanced scorecard?
A. internal business
B. external processes
C. financial
D. innovation and learning
E. customer
B. external processes
The balanced scorecard establishes (a) goals and (b) performance measures according to four "perspectives" or areas: financial, customer, internal business, and innovation and learning.
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Overhead during the year was underapplied. If the amount is insignificant, what is the entry to close the overhead account and transfer the underapplied overhead to Cost of Goods Sold?
a. Overhead XX Cost of Goods Sold XX b. Cost of Goods Sold XX Overhead XX c. Overhead XX Finished Goods Inventory XX d. Cost of Goods Sold XX Finished Goods Inventory XX
The income statement for Sweet Dreams Company is divided by its two product lines, blankets and pillows, as follows
Blankets Pillows Total Sales revenue $820,000 $300,000 $1,120,000 Variable costs 465,000 240,000 705,000 Contribution margin 355,000 60,000 415,000 Fixed costs 66,000 76,000 142,000 Operating income (loss) $289,000 $(16,000 ) $273,000 If Sweet Dreams can eliminate total fixed costs of $28,000 by dropping the pillows line, operating income will increase by $16,000. Indicate whether the statement is true or false
Because there are two or more people in a general partnership, bankers, suppliers, and other creditors are not concerned about unlimited liability.
Answer the following statement true (T) or false (F)
A corporation is recognized under both federal and state law as a "person" and:
a. enjoys all of the same rights and privileges accorded to U.S. citizens in about half the states b. enjoys some of the same rights and privileges accorded U.S. citizens c. enjoys none of the same rights and privileges accorded to U.S. citizens d. enjoys all of the same rights and privileges accorded to U.S. citizens e. none of the other choices are correct