Which of the following is an advantage of a virtual team??
A) ?It is characterized by strong leadership.
B) ?It results in increased productivity.
C) ?It has unlimited access to various communication media.
D) ?It facilitates face-to-face communication.
B
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Leasing of personal property is based on state law modeled after provisions of the Uniform Commercial Code.
Answer the following statement true (T) or false (F)
Select the incorrect statement regarding the contribution margin income statement.
A. Assuming no change in fixed costs, a $1 increase in contribution margin will result in a $1 increase in profit. B. Contribution margin represents the amount available to cover product costs and thereafter to provide profit. C. The contribution margin approach for the income statement is unacceptable for external reporting. D. The contribution margin approach requires that all costs be classified as fixed or variable.
If 10,000 units which were 40% completed are in process at November 1, 80,000 units were completed during November, and 12,000 were 20% completed at November 30, the number of equivalent units of production for November was 75,600. (Assume no loss of units in production and that inventories are costed by the first-in, first-out method.)
Indicate whether the statement is true or false
Which of the following elements is added to the transaction value of goods to determine their dutiable value?
a. Packing costs incurred by the buyer b. International freight charges c. Any license fee the buyer must pay d. Both a and c