Thanks to the benefits of outsourcing and offshoring, manufacturing in the United States, as a percentage of GDP, has ______.
a. declined from about 30% after World War II to 10% by 2008
b. increased from about 10% after World War II to 30% by 2008
c. declined from about 65% after World War II to 45% by 2010
d. increased from about 45% after World War II to 65% by 2010
a. declined from about 30% after World War II to 10% by 2008
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The sales returns and allowances account is reported as a
A) contra-revenue account on the income statement. B) current liability on the balance sheet. C) contra-asset reducing accounts receivable on the balance sheet. D) selling expense on the income statement.
Samsung Mobile plans to launch a new phone with a unit cost of $270 and wants to earn a 10 percent markup on its sales. Samsung's markup price is ________
A) $275 B) $280 C) $295 D) $300 E) $335
Managerial accounting is most concerned with addressing the needs of individual departments of the firm
Indicate whether the statement is true or false
Fractions, percentages, and the Dow Jones industrial averages are examples of the common language used in communicating difficult or complex numbers
Indicate whether the statement is true or false