Assuming the football helmets line is dropped, total fixed costs remain unchanged, and the space formerly used to produce the line is rented for $100,000 per year, how will operating income be affected?
Protector, Inc. has two product lines—batting helmets and football helmets. The income statement data for the most recent year is as follows:
A) Operating income will increase by $40,000.
B) Operating income will increase by $60,000.
C) Operating income will decrease by $60,000.
D) Operating income will decrease by $40,000.
A) Operating income will increase by $40,000.
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The question the group is asking during the forming stage of group development is
A. "Why are we here?" B. "What's next?" C. "Can we do the job properly?" D. "Why are we fighting about who does what?" E. "Can we agree on roles and work as a team?"
[APPENDIX] Wave Corporation is determining its income tax liability. It has one machine that cost $30,000 with a 4-year life and no salvage value. Wave is using an accelerated depreciation method for tax purposes. For accounting purposes, Wave has decided to use the straight-line method. Which of the following statements is true?
a. There will be a temporary difference between accounting income and income for tax purposes. b. There will be a permanent difference between accounting income and income for tax purposes. c. Wave's accounting income and income for tax purposes will be equal. d. Accounting income will be lower than income for tax purposes, especially in the early years of the asset's life.
Which of the following was a core demand of colonial leaders seeking independence from England as expressed in the Declaration of Independence?
a. an end to the practice of impressment b. government based on the consent of the governed c. lower taxation d. the right to expand westward
Effective use of self-leadership can lead to an increase in:
a. positive perceptions of self-efficacy b. personal ineffectiveness c. unmotivated behavior d. self-leadership