Which of the items below does not appear on the work sheet?
A) adjusting entries
B) the unadjusted trial balance
C) closing entries
D) the drawing account
C
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Which of the following best describes the degree to which experimental results can be generalized to the real world or, more generally, to the target population?
A) internal validity B) interpolation C) flexibility D) external validity
________ analysis looks at specific products, territories, and so forth that failed to produce expected sales
A) Microsales B) Sales variance C) Expense-to-sales D) Full costing E) Financial
Cameo Inc, a local company specializing in home repairs, is considering replacing its older van with a new and larger one. The estimated cost of the new van will be $45,000. Using a discount rate of 16%, the company calculates a net present value for the new van of $(7,000). Based on this information, which of the following statements is true?
A) The actual rate of return on the new van is negative. B) If the company purchases the van, they are guaranteed a rate of return of 16%. C) Using a higher discount rate should cause the net present value to become positive. D) If the actual cost of the new van ends up being less than $38,000, the net present value will become positive.
Assuming fixed costs remain constant, and a company produces more units than it sells, then income under absorption costing is less than income under variable costing.
Answer the following statement true (T) or false (F)