Consider the Demand for Microwave Ovens data set. What is the total demand corresponding to random numbers 11, 16, 95, 83, 97, and 77?
A. 17
B. 18
C. 15
D. 14
B. 18
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Materiality relates to the significance or importance of an item
a. True b. False Indicate whether the statement is true or false
Maryland Novelties Company produces and sells souvenir products. Monthly income statements for two activity levels are provided below: Unit volumes20,000 units 30,000 unitsRevenue $150,000 $225,000 Less cost of goods sold 60,000 90,000 Gross margin $90,000 $135,000 Less operating expenses Salaries and commissions 20,000 25,000 Advertising expenses 30,000 30,000 Administrative expenses 12,500 12,500 Total operating expenses 62,500 67,500 Net income $27,500 $67,500 Required: 1) Identify the mixed expense(s).2) Use the high-low method to separate the mixed costs into variable and fixed components.3) Prepare a contribution margin income statement at the
20,000-unit level. What will be an ideal response?
Who is a leader?
What will be an ideal response?
Which one of the following would be added to net income in determining net cash flows from operating activities by the indirect method?
a. increase in accounts receivable b. depreciation expense c. increase in inventories d. decrease in income taxes payable