Demographic variables are generally more difficult to measure than most other types of variables
Indicate whether the statement is true or false
FALSE
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On January 1, 2015, Danville Corporation acquired a machine at a cost of $60,000. The machine's service life was estimated to be ten years and its residual value to be $6,000. The straight-line method was used for depreciation. On January 1, 2020, the machine was no longer useful and was sold for $3,000. For 2020, in regard to this machine, how much of a loss should Danville record?
A) $27,000 B) $30,000 C) $3,000 D) $60,000
To successfully employ an ABC system, a company must first identify:
a. Non-volume related activities in the factory that create costs. b. Cost drivers. c. Cost pools. d. Overhead allocation rates.
The equation that will provide the breakeven point in units (SP = selling price) is
a. BE units = (SP – VC) ÷ FC per unit. b. VC per unit + FC = SP per unit ? BE units. c. BE units = FC ÷ CM per unit. d. SP per unit – VC per unit = FC ÷ BE units.
Employee Dave Myers discovered that one of W. L. Gore products used for push- pull cables could be used to coat guitar strings for more comfortable strumming. W. L. Gore launched the guitar strings under the brand ELIXIR Strings, and they have become the forerunner in the acoustic guitar string market. This exemplifies which organizational force for change?
A. organizational restructuring B. management changes C. customers changing preferences D. intrapreneurship