A $750 gain on the sale of an asset means that $750 in cash was received
Indicate whether the statement is true or false
False
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Indirect labor costs are those costs to transform raw materials into a finished product
a. True b. False Indicate whether the statement is true or false
How would the quick ratio be affected by a prepayment of $30,000 for fire and liability insurance?
a. The quick ratio would decrease. b. The quick ratio would increase. c. The quick ratio would not change. d. The effect cannot be determined from the information given.
Firms from __________ had the largest total outstanding stock of direct overseas investment at the beginning of 2014.
A. the United States B. Germany C. China D. Japan E. the United Kingdom
Consider the following information: Unit sold 20 40 60 Total salary cost $6,000 $7,800 $9,200 Total cost of goods sold 14,000 28,000 42,000 Depreciation cost per unit $120 $60 $40 Based on the above information, select the correct statement.
A. Cost of goods sold is a mixed cost. B. If the company sells 20 units for $540 each, it will incur a loss of $200. C. Depreciation cost is a variable cost. D. Salary cost is a mixed cost.