Cost-volume-profit analysis can be presented in both equation form and graphic form
Indicate whether the statement is true or false
True
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If a company uses a periodic inventory system and receives a discount for early payment to the vendor, the company will record the cost reduction as:
a. a decrease to the Purchase Returns and Allowances account. b. a decrease in Cost of Goods Sold. c. an increase to the Purchase Discounts account. d. an increase in Sales.
A company has net income of $130,500. Its net sales were $1,740,000 and its average total assets were $2,750,000. Its profit margin equals 7.5%.
Answer the following statement true (T) or false (F)
When those most likely to produce the outcome insured against are the ones who purchase insurance, insurance companies are said to face the problem of ________
A) fraudulent claims B) moral hazard C) adverse selection D) pecuniary purchases
Joining networks together into larger networks so that users on different networks can communicate and share data creates an ____.
A. Internet B. extranet C. extraWeb D. internetwork