GNI is the total market value of all goods and services provided in a country's economy in a year by both residents and nonresidents of that country.
Answer the following statement true (T) or false (F)
False
Gross domestic product (GDP) is the total market value of all goods and services provided in a country's economy in a year by both residents and nonresidents of that country.
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The Mansfield Company manufactures and sells two lines of fishing rods. During the most recent accounting period, the Pro line and the Novice line sold 15,000 and 2,000 units, respectively. The company's most recent financial statements are shown below: Pro NoviceSales$900,000 $240,000 Less cost of goods sold: Unit-level production cost 600,000 135,000 Depreciation, production equipment 125,000 50,000 Gross margin$175,000 $55,000 Less operating expenses: Unit-level selling and administrative costs 40,000 65,000 Corporate-level facility expenses (fixed) 36,000 36,000 Net income (loss)$99,000 $46,000 Based on this information, the company should:
A. It is impossible to determine with the given information. B. Eliminate the Novice line because it is operating at a loss. C. Keep the Novice line because it contributes $55,000 to total profitability. D. Keep the Novice line because it contributes $40,000 to total profitability.
The enlightened self-interest model for ethical practice is based upon ________
A) balancing the role of department advocate with the needs of the organization B) realizing that an organization does well by doing good C) advocating for society is more important than advocating for the organization D) assuming counterbalancing messages are in the best interest of an organization
The richness versus leanness of the message channel refers to the time it will take a message to be delivered
Indicate whether the statement is true or false
Working papers are the documents through which a court orders an accountant to audit a public company
Indicate whether the statement is true or false