Paragraph length is also a function of _________________
a. visual relief
b. personal taste
c. cultural limits
d. disciplinary standards
a
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Standard costs are based solely on expected future costs and conditions
Indicate whether the statement is true or false
A firm operated at 80% of capacity for the past year, during which fixed costs were $210,000, variable costs were 70% of sales, and sales were $1,000,000. Operating profit was:
A) $90,000 B) $210,000 C) $590,000 D) $490,000
Overstating beginning inventory will understate cost of goods sold and net income.
Answer the following statement true (T) or false (F)
The average starting salary for this year's graduates at a large university (LU) is $35,000 with a standard deviation of $6,000. Furthermore, it is known that the starting salaries are normally distributed. a.What is the probability that a randomly selected LU graduate will have a starting salary of at least $38,400?b.Individuals with starting salaries of less than $19,600 receive a low income tax break. What percentage of the graduates will receive the tax break?c.What are the minimum and the maximum starting salaries of the middle 98% of the LU graduates?
What will be an ideal response?