In cost-volume-profit analysis, all costs are classified into the following two categories:
A) mixed costs and variable costs
B) sunk costs and fixed costs
C) discretionary costs and sunk costs
D) variable costs and fixed costs
D
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Style simply describes the ________ of a product
A) quality B) appearance C) utility D) durability E) long-term benefits
A hybrid sales rep ________
A) works exclusively from remote locations B) is a modern cross between a field sales rep and an inside rep C) rarely engages in face-to-face interactions with customers D) performs sales audits E) sets the sales objectives of companies
Merritt Company acquired a building valued at $190,000 for property tax purposes in exchange for 12,000 shares of its $5 par common stock. The stock is widely traded and selling for $15 per share. At what amount should the building be recorded by Merritt Company?
A) $60,000 B) $180,000 C) $190,000 D) $10,000
Will wants to buy a new car. He goes to the bank to get a loan for the purchase, and signs an agreement to pay $10 per month in premiums on a term life insurance policy which names the bank as the recipient of the policy proceeds in the event of his death before the loan is repaid. The bank is a(n):
a. incidental beneficiary. b. creditor beneficiary. c. donee beneficiary. d. assignee.