Fixed costs are costs that in total remain constant within the relevant range as the level of output increases or decreases
Indicate whether the statement is true or false
True
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Choose the combination that best reflects the appropriate classification of cash paid for operating, investing and financing activities. Operating Investing Financing
a. Cash paid to suppliers Interest paid Dividends paid b. Interest paid Cash paid to suppliers Income taxes paid c. Income taxes paid Purchase of stock of another entity Dividends paid d. Dividends paid Income taxes paid Cash paid to suppliers
St. David's Hospital, a not-for-profit business oriented hospital, had contributions totaling $14,000,000 as follows: $2,000,000 for unrestricted purposes for the following year and beyond; $6,000,000 for construction of a new surgery wing which is scheduled to be built in the following year, $5,000,000 pledged for endowment purposes and $1,000,000 restricted for purposes other than long term asset acquisition. The endowment was a pledge; all other contributions were received in cash.What is the hospital's journal entry?
A.
| Cash | 9,000,000 | |
| Contributions Receivable | 5,000,000 | |
| Revenues-Unrestricted-Contributions | 3,000,000 | |
| Revenues-Temporarily Restricted-Contributions | 6,000,000 | |
| Revenues-Permanently Restricted-Contributions | 5,000,000 |
B.
| Cash | 9,000,000 | |
| Contributions Receivable | 5,000,000 | |
| Revenues-Temporarily Restricted-Contributions | 9,000,000 | |
| Revenues-Permanently Restricted-Contributions | 5,000,000 |
C.
| Cash | 9,000,000 | |
| Revenues-Temporarily Restricted-Contributions | 9,000,000 |
D.
| Cash | 9,000,000 | |
| Contributions Receivable | 5,000,000 | |
| Revenues-Unrestricted-Contributions | 2,000,000 | |
| Revenues-Temporarily Restricted-Contributions | 7,000,000 | |
| Revenues-Permanently Restricted-Contributions | 5,000,000 |
When typing an address on an envelope you are sending to another country, the country name should be typed:
a. On the first line in all caps. b. On the last line in all caps. c. Under the postage stamp in all caps. d. After the city name with no punctuation and in all caps.
Ryan Motors' director of marketing favors the first option, marketing the company's products in Chile. Which of the following, if true, strengthens his case for the company selling in Chile?
A) Chile is thousands of miles from the United States. B) Chile's economy has grown steadily for the last several years. C) Chile has a much lower per-capita income than many other emerging markets. D) Chile's government has recently begun to subsidize a Chilean-based automaker. E) The United States does not have a free-trade agreement with Chile.