What is a company's internal data? Give two examples of internal data
What will be an ideal response?
Internal company data is information that comes from within the company. This includes a firm's internal records of sales and information such as which customers buy which products in what quantities and at what intervals, what items are in stock, which items are back-ordered because they are out of stock, when items were shipped to the customer, and what items have been returned because they are defective.
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In the work sheet, if the income statement's total debits exceed the total credits, net income has occurred
Indicate whether the statement is true or false
If a special pricing order is accepted for 5500 sails at a sales price of $150 per unit, and fixed costs remain unchanged, what is the change in operating income? (Assume the special pricing order will require variable manufacturing costs and variable selling and administrative costs.)
Voyage Sail Makers manufactures sails for sailboats. The company has the capacity to produce 37,000 sails per year and is currently producing and selling 30,000 sails per year. The following information relates to current production:
A) Operating income decreases by $825,000.
B) Operating income increases by $825,000.
C) Operating income decreases by $495,000.
D) Operating income increases by $495,000.
Betty buys a lawnmower, manufactured by FlatPlanes, Inc., from Harvey's department store. A defect in the design of the blades causes the lawnmower to kick back on operation, injuring Betty. Which of the following remedial actions is Betty entitled to?
A. Betty can sue Harvey's department store for negligence. B. Betty can sue either Harvey's department store or FlatPlanes, Inc. for strict liability. C. Betty can only sue FlatPlanes, Inc. for strict liability as they manufactured the defective lawnmower. D. Betty can only sue Harvey's department store for strict liability as they sold her the defective lawnmower.
Which of the following is NOT a type of computer?
a. minicomputer b. mainframe c. self-actualized computer d. microcomputer e. supercomputer