Marshall Corporation incurred costs for materials and labor needed to manufacture its products. These costs are examples of:
A. Balance sheet costs.
B. Period costs.
C. Capitalized costs.
D. General costs.
E. Product costs.
Answer: E
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Using cameras to monitor the activities of cashiers is an example of __________________________
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Financing a portion of a firm's assets with securities bearing a fixed rate of return in hopes of
increasing the return to stockholders refers to A) financial leverage. B) combined leverage. C) operating leverage. D) business risk.
Gandee Company has an operating leverage factor of 5. Which of the following statements is true? Thus, an 8% change in ______ should result in a 40% change in _____. The respective amounts that change are:
A. An 8% change in variable costs should result in a 40% change in contribution margin. B. An 8% change in income should result in a 40% change in sales revenue. C. An 8% change in sales revenue should result in a 40% change in income. D. An 8% change in variable costs should result in a 40% change in break-even sales. E. An 8% change in fixed costs should result in a 40% change in income.
Charles is the holder of a promissory note, the maker of which is Charles' niece, Margaret. As a birthday gift to Margaret, Charles marked "Canceled" across the face of the note. Margaret remains liable on the note because she did not give Charles anything of value for the cancellation
Indicate whether the statement is true or false