If the allocation base in the predetermined overhead rate does not drive overhead costs, it will nevertheless provide reasonably accurate unit product costs because of the averaging process.
Answer the following statement true (T) or false (F)
False
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Which of the following descriptions is not a key priority to support the work of professional accountants in embedding sustainable practices?
a. Raising awareness and facilitating sharing and collaboration across the global accountancy community. b. Incorporating accounting for sustainability within professional training and education. c. Using traditional ways of thinking about organizational performance. d. Establishing an international integrated reporting committee to develop a new reporting model that will better reflect the interconnected impact of financial, environmental, social, and governance factors on the long-term performance and condition of an organization.
Which of the following statements regarding culture specific negotiation is correct?
a. Developing personal relationships is not important to the success of negotiations in Nigeria. b. Russians see time as money; friendships are not crucial to business. c. In India, group orientations are common during negotiations. d. The French believe in speaking the language of the country with which they are negotiating.
The Computer Fraud and Abuse Act makes the accidental transmission of computer viruses illegal
a. True b. False Indicate whether the statement is true or false
The gross margin percentage is equal to:
A. Net operating income/Sales B. (Net operating income + Selling and administrative expenses)/Sales C. Cost of goods sold/Sales D. Cost of goods sold/Net income