Gross margin equals the difference between net sales and
a. net income.
b. cost of goods sold plus operating expenses.
c. operating expenses.
d. cost of goods sold.
D
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Directors and officers are not prohibited from entering into transactions with the corporation.
Answer the following statement true (T) or false (F)
A company's income statement disclosed $45,000 of investment revenue on equity method investments. The company did not purchase or dispose of any such investments during the year, yet the equity method investments account increased $30,000 during the year. What is the complete disclosure of these events in the statement of cash flows prepared under the indirect method?
a. Operating cash inflow, $45,000; $30,000 subtraction in reconciliation of earnings and net operating cash flow b. Operating cash inflow, $15,000; $30,000 subtraction in reconciliation of earnings and net operating cash flow c. Operating cash inflow, $15,000 d. $30,000 subtraction in reconciliation of earnings and net operating cash flow e. None of these answers is correct.
What kind of pay structure bases part of a worker's pay on an individual and/or organizational performance measurement?
A. ?Variable-pay program B. Internal equity pay program C. Base-pay program D. Fixed-pay program E. Guaranteed pay program
Rita and Katrina are seeking to collaborate on a problem affecting their working relationship. An effective problem statement for their problem is:
a. "How can Rita focus on her work when Katrina keeps interrupting her with questions?" b. "What can Katrina do to interrupt Rita less with unimportant questions?" c. "What will happen if Katrina doesn't get her questions answered and Rita doesn't complete her work?" d. "How can Katrina have her questions answered without interrupting Rita when she needs to focus on her work?"