A cost that is incurred no matter what values the decision variables assume is
a. a reduced cost.
b. an optimal cost.
c. a sunk cost
d. a dual cost.
c
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Using the information given below, prepare an income statement and statement of retained earnings for Rapid Car Services from the adjusted trial balance. Rapid Car ServicesAdjusted Trial BalanceFor the year ended December 31Cash …………………………………………….$33,000?Accounts receivable …………………………….14,200?Office supplies ………………………………….1,700?Vehicles ………………………………………..100,000?Accumulated depreciation - Vehicles …………?45,000Accounts payable ………………………………?11,500Common stock …………………………..?20,000Retained earnings …………………………..?51,900Dividends …………………...40,000?Fees earned
……………………………………..?155,000Rent expense …………………………………...13,000?Office supplies expense ………………………...2,000?Utilities expense ………………………………..2,500?Depreciation Expense - Vehicles……………..15,000?Salary expense ………………………………….50,000?Fuel expense ……………………………………Totals…………………………………… 12,000 $283,400________$283,400 What will be an ideal response?
When it comes to face-to-face communication, which of the following conveys the highest percentage of a person’s understanding of others?
A. words B. facial expressions C. verbal tone D. noise
Quarterly planning cycles are recommended for companies that are operating in ________
A) dynamic markets B) static markets C) declining markets D) well-established markets
Tom owns a hardware store at which he sells power tools. He sells a cordless drill to Victor who
takes it home and is injured when he uses it, because the drill is defective. Victor can sue Tom for a breach of the implied warranty of merchantability. Indicate whether the statement is true or false