The difference between sales and cost of goods sold equals ________
a. operating profit
b. gross profit
c. net profit
d. profit after tax
b
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A form of law present in many European countries is:
A) moral law B) theocratic law C) civil law D) common law
Suzen knows Landry from work. Landry keeps to himself and always has the newest gadget, which he tells Suzen about. Suzen will often get the gadget herself, and she is the one who convinces the majority of the people in the organization to also make the purchase. Landry is a(n) ______.
A. innovator B. early adopter C. early majority D. laggard
A company uses a two-variance analysis for overhead variances, flexible-budget and production-volume. The production-volume variance is the difference between the factory overhead applied at standard and:
a. Total factory overhead per the flexible budget. b. Actual factory overhead incurred. c. Total factory overhead per the master budget. d. Fixed overhead incurred.
A "big bath"
A) often occurs in years when there is a change in management. B) occurs in the current year so management can show improved results in future years. C) is often an indication of poor management decisions in the past. D) All of these choices.