If sales are $400,000, variable costs are 80% of sales, and operating income is $40,000, what is the operating leverage?
A) 0
B) 7.500
C) 2.0
D) 1.333
C
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To be considered reliable evidence, confirmations must be controlled by which of the following individuals?
a. A client employee responsible for accounts receivable. b. An external auditor. c. A client's internal audit department. d. A client's controller or CFO.
Disclosures can be made either on the face of the financial statements in the form of classifications or in parenthetical notations and/or in the notes to the statements
a. True b. False Indicate whether the statement is true or false
In the communication process, the information conveyed by the salesperson to the prospect during the sales presentation is called:
A. encoding. B. decoding. C. the message. D. the source context. E. the medium.