Corporations, like persons, canbe liable for crimes
Indicate whether the statement is true or false
True
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All of the following statements are true regarding the use of a work sheet at the end of an accounting period except:
a. all companies use a ten-column work sheet. b. the net income of the period is extended from the income statement debit column to the balance sheet credit column. c. the beginning balance in the Retained Earnings account is entered initially on the work sheet on the unadjusted trial balance. d. cash is always carried over from the unadjusted trial balance columns of the work sheet to the balance sheet columns without any adjustment.
After George presented his proposal to the board of directors, he asked if there was anything they did not understand. George was performing the fourth stage of the communication process, which is ______.
a. feedback b. active listening c. confirmation d. participation
A major disadvantage to the use of census data in trading-area analysis is its _____
a. cost b. being limited to city and state data c. lack of comprehensiveness d. dated nature
The ____ measures the percentage change in profits resulting from a percentage change in sales
A) variable cost ratio B) contribution margin ratio C) degree of operating leverage D) sales margin ratio E) break-even ratio