Abnormal spoilage is considered a period cost
Indicate whether the statement is true or false
T
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Discuss the major influences on business buyers
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Comparative income statements for Pearle Company are provided below:Pearle CompanyComparative Income StatementYears Ended December 31?Year 2Year 1Sales$ 595,000$ 532,200Less cost of goods sold_____386,200_____357,650Gross margin208,800 174,550Less operating expenses 108,950 ______99,770Income before taxes99,850 74,780 Income taxes______39,940______29,912Net income $ 59,910$ 44,868Required:Perform a horizontal analysis of Pearle Company's income statement by computing horizontal percentages for each item. Round your answer to one decimal place (i.e. 22.5%).
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The UP phase where components of the system are developed and tested is
A) construction. B) transition. C) inception. D) elaboration.
The financial statement that shows the beginning balance of retained earnings; the changes in equity that resulted from net income (or net loss); dividends; and the ending retained earnings balance, is the:
A. Balance sheet. B. Statement of retained earnings. C. Statement of cash flows. D. Income statement. E. Statement of financial position.