Email may be a useful method of communication because of all the following
a. teachers can provide daily classroom journals to keep parents informed
b. all families now have computer access
c. parents can easily reply, making communication two way
d. parents can have easy access to teachers avoiding a telephone tag
Answer: b. all families now have computer access
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How is income from operations determined?
a. By subtracting the cost of goods sold from sales b. By subtracting the total operating expenses from sales c. By subtracting the total operating expenses from gross profit d. By subtracting selling expenses from operating revenues
The deep pocket theory represents a misunderstanding whereby shareholders mistakenly believe that they are entitled to recover losses on investments for which the auditor provided an unqualified opinion on the financial statements
a. True b. False Indicate whether the statement is true or false
If standard costing is not economically feasible for a company, predetermined overhead rates should not be used
Indicate whether the statement is true or false
The transportation model, when applied to location analysis:
A) minimizes total fixed costs. B) minimizes total production and transportation costs. C) minimizes total transportation costs. D) maximizes revenues. E) minimizes the movement of goods.