The driving force in constructing a chart of accounts is to add structure to the classification of financial information
Indicate whether the statement is true or false
T
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________ are worded in a way that allows the promisor to decide whether or not to perform the promise.
A. Novations B. Modifications C. Compositor promises D. Illusory promises
Overall company profits are rarely affected if a division sells to an outside customer to generate profits, even if this causes an internal shortage of materials
Indicate whether the statement is true or false
Briefly describe the reasons why incorporating word-of-mouth into promotional efforts poses a unique challenge to a firm's marketing efforts. Why is word-of-mouth a powerful tool?
What will be an ideal response?
If a business had a capacity of $10,000,000 of sales, actual sales of $6,000,000, break-even sales of $4,500,000, fixed costs of $1,800,000, and variable costs of 60% of sales, what is the margin of safety expressed as a percentage of sales?
A) 25% B) 18% C) 33.3% D) 15%