Contingent liabilities are recorded as a liability only if the loss is considered substantial and the amount is reasonably determinable
Indicate whether the statement is true or false
F
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Which of the following describes the interest coverage ratio?
A) Income before income taxes plus interest expense divided by interest expense B) Income after income taxes plus interest expense divided by interest expense C) Income after income taxes divided by interest expense D) Income before income taxes minus interest expense divided by interest expense
Cost of Materials Used $40,000 Direct Labor costs $55,000 Factory Overhead $32,000 Work in Process, beg. $28,000 Work in Process, end. $18,000 Finished Goods,beg. $28,000 Finished Goods, end. $18,000 What is Cost of Goods Sold?
A) $147,000 B) $137,000 C) $10,000 D) $128,000
"Place" is concerned with
A. when and where products are wanted. B. getting the product to its intended market. C. intermediaries located between producers and consumers. D. where, when, and by whom goods are offered for sale. E. All of these might be involved with Place.
The fixed costs per unit will ________
A) increase as production decreases B) decrease as production decreases C) remain the same as production levels change D) increase as production increases