What challenges do entrepreneurs face as they get their companies off the ground?
What will be an ideal response?
Access to capital, creating realistic long-term plans, presenting to investors, financial management.
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Conflict also has productive aspects and one of those is that conflict encourages psychological development. Elaborate.
What will be an ideal response?
Which of the following is considered a period cost in absorption costing?
A) variable manufacturing overhead costs B) fixed selling and administrative costs C) fixed manufacturing overhead costs D) semi-variable manufacturing overhead costs
Which of the following is NOT a verbal filler?
a. “Er” b. “Uh” c. “Okay” d. “In conclusion”
A manufacturer reports the following information below for its first three years in operation. Year 1 Year 2 Year 3Income under variable costing$76,000 $109,000 $115,000Beginning inventory (units) 0 800 500Ending inventory (units) 800 500 0Fixed manufacturing overhead per unit$8.00 $8.00 $8.00Income for year 1 using absorption costing is:
A. $82,400. B. $76,000. C. $106,600. D. $88,800. E. $111,000.