To perform a vertical analysis of an income statement, you would divide each line item on the statement by:
A. net income.
B. operating expenses.
C. sales.
D. cost of goods sold.
Answer: C
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Of the following, which medium is the least rich?
A. Flier on a bulletin board. B. Instant messaging on the Internet. C. E-mail. D. Handwritten notes. E. Conference telephone calls.
The philanthropic perspective of the economic model holds that business has no strict obligation to contribute to social causes.
Answer the following statement true (T) or false (F)
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price$154?Units in beginning inventory 0?Units produced 2560?Units sold 2230?Units in ending inventory 330?Variable costs per unit: Direct materials$51?Direct labor$24?Variable manufacturing overhead$15?Variable selling and administrative expense$16?Fixed costs: Fixed manufacturing overhead$92,160?Fixed selling and administrative expense$11,150?The total gross margin for the month under absorption costing is:
A. $15,610 B. $96,240 C. $107,040 D. $62,440
Asynchronous transmission is more efficient than synchronous transmission
a. when there are small data blocks b. when there are large data blocks c. in all cases d. when transmission speeds are high