A cause-and-effect diagram helps identify the sources of a problem
Indicate whether the statement is true or false
TRUE
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Adorn Furniture manufactures a small table and a large table. The small table sells for $900, has variable costs of $540 per table, and takes 10 direct labor hours to manufacture. The large table sells for $1500, has variable costs of $980, and takes eight direct labor hours to manufacture. Calculate the contribution margin per direct labor hour for the small table.
A) $360 per direct labor hour B) $52 per direct labor hour C) $36 per direct labor hour D) $54 per direct labor hour
Omega Company reported net incomes in 2013 and 2014 before sustaining a significant operating loss in 2015 . All of the 2015 loss can be carried back against the income of 2013 and 2014 for purposes of determining the company's 2015 income tax liability. How should the carryback be presented in the company's 2015 financial statements?
a. As an extraordinary item in the income statement b. As a revenue from operations in the income statement c. As the correction of an error in the retained earnings statement d. As a reduction in the operating loss on the income statement for the year 2015
Which of the following is not a personal source of conflict?
a. Reward systems b. Personality c. Style d. Values
An unfavorable balance of trade occurs when
A. exports are greater than imports. B. imports are greater than exports. C. the total outflow of money is greater than the total inflow of money. D. the total outflow of money is less than the total inflow of money. E. exports equal imports.