A favorable variance has a debit balance and is a contra revenue
Indicate whether the statement is true or false
FALSE. A favorable variance has a credit balance and is a contra expense.
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Modern business usage has come to restrict the word equity to mean only shareholders' equity, both contributed capital and retained earnings
Indicate whether the statement is true or false
A school is trying to determine a nutritional diet to feed its students. The school would like to offer some combination of milk and beans. The school’s objective is to minimize cost, subject to meeting the minimum nutritional requirements of protein, calcium, and calories. The cost and nutritional content of each food, along with the minimum nutritional requirements are shown here.
At the optimum solution, what is the total number of units of protein included in the diet?
a. 30
b. 40
c. 51
d. 18
Who said, "What's good for me is good for all shareholders"?
a. The chairman of General Motors b. Jeff Dachis of Razorfish c. Bill Gates d. Sir Alfred Coke
How much had Ford offered to settle the case for?
a. $10 million b. $20 million c. $30 million d. None of the above