What is meant by the phrase, "cost structure?"
What will be an ideal response?
Answers will vary.
"Cost structure" refers to the amount of fixed cost and variable cost a company has. For example, a company's managers may be able to make a change that would increase fixed costs and decrease variable costs. Such a change would increase the company's operating leverage.
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Management accounting information is determined objectively and is verifiable, whereas financial accounting is more subjective
Indicate whether the statement is true or false
Which of the following was NOT included in Rawls’ equal liberties?
A. freedom of speech and thought B. right to vote C. freedom to own personal property D. freedom to profit from the highest gains possible
A company paid $595,000 for property that included land appraised at $384,000; land improvements appraised at $128,000; and a building appraised at $288,000. The plan is to use the building as a manufacturing plant. Determine the amounts that should be recorded as: (a)Land…………………. $ ________(b)Land Improvements.... $ ________(c)Building……………… $ ________
What will be an ideal response?
A(n) ________ is a special-purpose free zone associated with, but physically apart from, a free trade zone, in which limited-purpose trading activities are carried on
A. exclusive economic zone B. closed sector C. free trade area D. subzone