Many observers believe that firms "manage" their income statements to _______.
A. minimize taxes over time
B. maximize expenditures
C. smooth their earnings over time
D. generate level sales
C. smooth their earnings over time
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A variant of fiscal-year budgeting whereby a twelve-month projection into the future is maintained at all times is termed:
A) flexible budgeting B) continuous budgeting C) zero-based budgeting D) master budgeting
Which pay frequency has 12 pay periods?
A) Daily B) Weekly C) Monthly D) Semimonthly
Management of Mcgibboney Corporation has asked your help as an intern in preparing some key reports for November. Direct materials cost was $42,000, direct labor cost was $25,000, and manufacturing overhead was $62,000. Selling expense was $21,000 and administrative expense was $38,000.The prime cost for November was:
A. $87,000 B. $59,000 C. $67,000 D. $79,000
Which is a short-term capacity management option in service operations?
A) Add more space B) Reduce service offerings C) Lay off employees D) Close unprofitable sites