If either event A or event B must occur, they are called mutually exclusive

Indicate whether the statement is true or false


F

Business

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On a common-sized income statement, all items are stated as a percent of total assets or equities at year-end

a. True b. False Indicate whether the statement is true or false

Business

The verb "do" is an example of a regular verb

Indicate whether the statement is true or false.

Business

If sales are $525,000, variable costs are 56% of sales, and operating income is $50,000, what is the contribution margin ratio?

A) 44% B) 26.5% C) 9.5% D) 64%

Business

Each of the following columns would appear in a cash payments journal except:

a. accounts payable debit. b. purchase discount credit. c. cash credit. d. purchases credit.

Business