The dollar amount of sales needed to achieve a target income is computed by dividing the sum of fixed costs plus the target pretax income by the contribution margin ratio.
Answer the following statement true (T) or false (F)
True
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Contingency planning is also known as
A. organizational opportunities. B. scenario goal-setting and plans. C. a trend analysis. D. scenario planning and scenario analysis. E. strategic planning.
An unproven statement or proposition about a factor or phenomenon that is of interest to the researcher is called a theory
Indicate whether the statement is true or false
The World Trade Organization (WTO) does not deal with issues concerning the protection of copyright and patent rights
Indicate whether the statement is true or false
What do the credit terms, 2/15, n/30 mean?
A. A two percent discount can be deducted if the invoice is paid before the fifteenth day following the date of the sale. B. A two percent discount can be deducted if the invoice is paid after the fifteenth day following the sale, but before the thirtieth day. C. A two percent discount can be deducted for a period up to thirty days following the date of sale. D. A fifteen percent discount can be deducted if the invoice is paid within two days following the date of sale.