Delivery expense is a selling expense on the income statement

Indicate whether the statement is true or false


T

Business

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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

Business

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

Business

The percentage of new products that fail is estimated to be over ______.

a. 55% b. 65% c. 75% d. 85%

Business

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

Business