Delivery expense is a selling expense on the income statement
Indicate whether the statement is true or false
T
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The number of equivalent units for direct materials cost using the FIFO costing procedure is the units in beginning work in process inventory minus units started during the period plus units completed during the period
Indicate whether the statement is true or false
Which of the following is an advantage of using a sales force automation system?
A) lowers sales team training costs B) records major competitor's sales C) eliminates the need for an inside sales force D) eliminates employee attrition E) improves customer service
The percentage of new products that fail is estimated to be over ______.
a. 55% b. 65% c. 75% d. 85%
Your company just sold a product with the following payment plan: $50,000 today, $25,000 next year, and $10,000 the following year
If your firm places the payments into an account earning 10% per year, how much money will be in the account after collecting the last payment? A) $99,000 B) $98,000 C) $88,500 D) $85,000