The absorption cost approach provides for the absorption of all manufacturing costs, fixed and variable, into units of product.
Answer the following statement true (T) or false (F)
True
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In vertical analysis of the income statement, each item is shown as a percentage of the net income
Indicate whether the statement is true or false
After successfully overcoming a potential customer's objection to buying the vacuum cleaner he was selling, Terrence, a salesperson, asked the customer for an order. Terrence is in the ________ stage of the selling process
A) follow-up B) approach C) preapproach D) closing E) prospecting
When an applicant says “I worked there for 3 months,” and the manager thinks “she is a job-jumper,” the manager is guilty of ______.
A. differing intentions B. interpreting nonverbal C. confusing facts and inferences D. seeking evidence
In preparing a company's statement of cash flows for the year just ended, the following information is available: Loss on the sale of equipment$14,000Purchase of equipment 225,000Proceeds from the sale of equipment 106,000Repayment of outstanding bonds 87,000Purchase of treasury stock 25,000Issuance of common stock 96,000Purchase of land 115,000Increase in accounts receivable during the year 33,000Decrease in accounts payable during the year 75,000Payment of cash dividends 35,000Net cash flows from financing activities for the year were:
A. $340,000 of net cash used. B. $147,000 of net cash used. C. $26,000 of net cash used. D. $51,000 of net cash used. E. $347,000 of net cash used.