Which one of the following statements is not true?
A. Total fixed costs remain the same regardless of volume within the relevant range.
B. Total variable costs decrease as the volume increases.
C. Total variable costs change with volume.
D. Variable costs per unit remain the same regardless of the volume.
E. Fixed costs per unit increase as the volume decreases.
Answer: B
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If the time of the note is stated in months, the due date is the specified number of days after the issue date
Indicate whether the statement is true or false
The groups that lobby against fossil fuels ______.
A. support wind farms B. lobby against solar farms C. support nuclear warfare D. are watched by the FBI
On July 10, a hardware retailer purchased merchandise inventory on account for $1,800. The company plans to pay $1,600 the following week and the remaining amount the week after. Which of the following is the correct entry to record the July 10 transaction in a purchases journal? Assume a perpetual inventory system is used.
A) $1,600 will be recorded in the Accounts Payable CR and Merchandise Inventory CR columns. B) $3,400 will be recorded in the Accounts Payable DR and Merchandise Inventory DR columns. C) $1,800 will be recorded in the Merchandise Inventory CR and Accounts Payable DR columns. D) $1,800 will be recorded in the Accounts Payable CR and Merchandise Inventory DR columns.
Conversational distance
A. is directly linked with body language. B. varies across cultures. C. is a constant globally. D. determines the power distance in a culture.