The profit margin controllable by the segment manager would not include:
A. fixed expenses controllable by the segment manager.
B. variable operating expenses.
C. a share of the company's common fixed expenses.
D. a share of the company's common fixed expenses and income tax expense.
E. income tax expense.
Answer: D
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[APPENDIX] When a company has a credit balance in its Deferred Tax account, this amount would appear as a(n)
a. contra asset on the balance sheet. b. stockholders' equity account on the balance sheet. c. expense account on the income statement. d. liability account on the balance sheet.
Which of the following questions most closely involves analysis of the product element of the marketing mix?
A) What do competitors charge for their products? B) What is the target's level of awareness for each competitive brand? C) What are the company's manufacturing costs? D) Are there any foreseeable changes in the requirements of the target? E) Will wholesale, retail, or direct-to-consumer channels be used?
Which of the following is not a product cost under variable costing?
A. Direct materials. B. Fixed manufacturing overhead. C. Direct labor. D. All variable manufacturing costs. E. Variable manufacturing overhead.
Which of the following is true about a corporation being a general partner in a limited
partnership? A) A corporation can be a general partner in a limited partnership even if it is the only general partner. B) A corporation cannot be a general partner in a limited partnership. C) A corporation can be a general partner in a limited partnership only if it is not the sole general partner in the limited partnership. D) A corporation can be a general partner in a limited partnership only if there is at least one other general partner that is not a corporation.