An accounting period that ends when operations are at a low ebb is:
a. a calendar year.
b. a fiscal year.
c. the natural business year.
d. an operating year.
e. None of the answers are correct.
C
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Listening is
A) a passive process of perceiving a sound. B) a culturally sensitive process of interpretation. C) sound waves striking the eardrum. D) an active process of assigning meaning to sounds. E) an accommodation to the transmission and reception of messages.
Akron Corp. had a margin of safety of $500,000 last month, with sales revenue of $1,250,000 and fixed costs of $150,000.a. What are break-even sales?b. What is the contribution margin ratio?c. How much profit did Akron earn last month?d. How much would sales have to be for Akron to earn profit of 500,000?
What will be an ideal response?
The initial date of a note is February 11. If the interest is due on August 30, there are 120 days from the initial date of the note to the day the interest is due. Assume a nonleap year
Indicate whether the statement is true or false
Which of the following requires a credit?
A. Increases to liabilities B. Increases to assets C. Decreases in liabilities D. Decreases in stockholders' equity