A company that desires to lower its break-even point should strive to:
A. achieve more than one of the answers listed.
B. increase fixed costs.
C. decrease selling prices.
D. reduce variable costs.
E. sell more units.
Answer: D
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Assuming the results of operations is the same for both companies, which of the following closing entries for a partnership would not be identical to the closing entries for a sole proprietorship?
a. Closing revenues to Income Summary; b. Closing expenses to Income Summary; c. Closing Drawing to Capital; d. All closing entries would be the same; e. No closing entries would be the same.
Which of the following characteristics does not apply to accounting practices and procedures in the United States prior to 1930?
a.They were applied uniformly among companies. b.They were considered confidential by the companies applying them. c.They met the needs of creditors to a greater extent than they met the needs of shareholders. d.They emphasized the disclosure of cash and near-cash resources.
Manufacturing cycle efficiency is a measure of
a. effectiveness. b. bottlenecks. c. quality. d. efficiency.
Functional strategies are implemented
A. only at the top levels of management. B. at one time by the organization as a whole. C. only at the employee level. D. by the stakeholders. E. by each appropriate area or unit.