When there is no beginning Finished Goods Inventory and all the goods that are produced are sold, the operating income ________.
A) will be higher under absorption costing than variable costing
B) will be lower under absorption costing than variable costing
C) will be higher than the gross profit under variable costing
D) will be the same for both absorption costing and variable costing
D) will be the same for both absorption costing and variable costing
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Soledad and Winston are partners who share income in the ratio of 1:3 and have capital balances of $100,000 and $140,000 at the time they decide to terminate the partnership. After all noncash assets are sold and all liabilities are paid, there is a cash balance of $130,000 . What amount of loss on realization should be allocated to Winston?
a. $110,000 b. $97,500 c. $42,500 d. $82,500
A(n) _____ is one piece of information about an entity, such as the last name or first name of a student, or the student's street address.
Fill in the blank(s) with the appropriate word(s).
Focus strategies are often associated with small businesses because there is a natural fit between the narrow scope of the strategy and the
A. small size of the firm. B. an entrepreneurial culture. C. a top-down approach to supporting entrepreneurial behaviour. D. a strong spirit of entrepreneurship.
Output divided by input is a common measurement of ____________________.
Fill in the blank(s) with the appropriate word(s).