The difference between what was paid for inputs and what should have been paid for inputs is referred to as a _________________________

Fill in the blank(s) with correct word


price variance

Business

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Which concept is the reason the dollar is used in the preparation of financial statements?

a. Going concern b. Legal entity c. Consistency d. None of these choices.

Business

Which of the following is not an example of a not-for-profit institution?

a. University b. Hospital c. State government d. Church e. Nnone of the answers are correct.

Business

To help his listeners keep track of where he is in the presentation, Dominic has just said, Next I will discuss three plans for reducing waste. What verbal signpost is Dominic using?

A) Summarizing B) Previewing C) Switching directions D) Enumeration

Business

A company had net income of $51,500, net sales of $812,910, and average total assets of $237,000. Its profit margin and total asset turnover were, respectively:

A. 6.34%; 21.73. B. 21.73%; 6.34. C. 3.43%; 6.34. D. 6.34%; 3.43. E. 3.43%; 21.73.

Business