Under the variable-cost approach, the cost base includes all of the following except
a) variable selling and administrative costs.
b) variable manufacturing costs.
c) total fixed costs.
d) all of these answers are included.
Answer: c) total fixed costs.
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Administrative controls
a. are concerned with efficient operations and adherence to managerial policies. b. are concerned with the reliability of the financial statements. c. are the responsibility of the company's auditors. d. are concerned primarily with safeguarding assets.
In order to achieve a peaceful coexistence in its community, an organization must be able to fulfill its business objectives, even if some community members rightfully object to it
Indicate whether the statement is true or false
Which of the following are two methods of analyzing capital investment proposals that both ignore present value?
A) Internal rate of return and average rate of return B) Net present value and average rate of return C) Internal rate of return and net present value D) Average rate of return and cash payback method
Petry Corporation issues 20,000 shares of $.50 par common stock for $6 per share. The account for Additional Paid-In Capital in excess of par will increase by:
A) $130,000. B) $120,000. C) $110,000. D) $10,000.