The completed-contract method recognizes all income when the contract is completed, while the percentage-of-completion method recognizes income as work progresses on the contract. The completed-contract method is the conservative method
Indicate whether the statement is true or false
T
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Carlos Spencio purchased 3,000 shares of Carlise Mutual Fund for an offer price of $22.86 per share. He later sold the shares at a net value of $22.98 per share. During the time Carlos owned the shares, Carlise paid dividends of $.38 and $.42 per share. What was Carlos' gain on this investment?
What will be an ideal response?
Firms should try to show the value of unsought products through promotion because people do not want them or know that they are available.
Answer the following statement true (T) or false (F)
Although, as a manager, Anette may not have the best technical skills, she makes up for it through her excellent communication, team building, and coaching skills. Thus, in the context of management skills, Anette exhibits strong _____.
A. human skills B. intrapersonal skills C. life skills D. cognitive skills
Narchie sells a single product for $50. Variable costs are 60% of the selling price, and the company has fixed costs that amount to $400,000. Current sales total 16,000 units. Narchie:
A. will break-even by selling 8,000 units. B. will break-even by selling 13,333 units. C. will break-even by selling 1,000,000 units. D. will break-even by selling 20,000 units. E. cannot break-even because it loses money on every unit sold.