The absorption costing income statement, when compared to the variable costing income statement will
a. differ in the income from operations line because of the different treatment of the fixed manufacturing costs.
b. not differ in the income from operations line.
c. differ in the income from operations line because of the difference caused solely by cost of goods sold.
d. differ in the income from operations line because of the difference caused solely by selling and administrative expenses.
a
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The Basketball Division of Thunder Sports Enterprises reported the following financial data for the year: Assets available for use $1,200,000 Book Value $1,500,000 Market Value Residual income $108,000 Return on investment 14% Refer to Thunder Sports Enterprises. What was the target rate of return for Thunder Sports Enterprises?
a. 4% b. 5% c. 7% d. 9%
In a ratio comparing an income statement number with a balance sheet number, the external analyst:
a. will be able to arrive at a good ratio by totaling two balance sheet numbers. b. will usually divide the income statement number by the beginning balance sheet number. c. will probably not capture changes that occur unevenly throughout the year. d. will usually divide the income statement number by the sum of the beginning and ending balance sheet numbers.
The overall goal for the buyer is to choose the order quantity that will minimize total annual cost, which is the sum of the yearly ______.
A. holding, ordering, and purchase costs B. holding and ordering, less purchase costs C. holding, ordering, and purchase costs less quantity discounts D. holding, ordering, less quantity discounts
Deontology is derived from the Greek word deon, meaning ________
A) duty B) science C) reason D) happiness