A cost comparison indicator (such as CPM) should not be used to compare the cost and impact of a television commercial with the cost and impact of a newspaper advertisement.
Answer the following statement true (T) or false (F)
True
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A prepaid expense, such as the purchase of insurance for an upcoming period, is initially recorded in the accounting system as a(n) ________
a. liability b. revenue c. asset d. expense
Answer the following statement(s) true (T) or false (F)
1. A factory’s capacity is the maximum number of units that it can produce in a set period of time. 2. Significant changes to capacity can be achieved in the short term. 3. Airlines often practice capacity sharing through the use of code-sharing of flights. 4. Increasing facility capacity can drive and improve a company’s economies of scale.
Consider the following statements about transfer pricing: I. Income taxes and import duties are an important consideration when setting a transfer price for companies that pursue international commerce. II. Transfer prices cannot be used by organizations in the service industry. III. Transfer prices are totally cost-based in nature, not market-based. Which of the above statements is (are) true?
A. I only. B. I and II. C. II only. D. II and III. E. I, II, and III.
Explain the difference between denotation and connotation when referring to the meaning of a word. Give an example of each