When a company recognizes cost of goods sold, how does that event impact the elements of the financial statements? (Ignore the effects of recognizing sales revenue.)
A. Assets increase.
B. stockholders' equity decreases.
C. Dividends decrease.
D. Liabilities increase.
Answer: B
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Royal Enterprises has presented the following information for the past three months operations: MonthUnitsAverage CostJune2,400$10.00July4,800$6.00August6,000$5.20 a. Using the high-low method, calculate the fixed cost per month and variable cost per unit. b. What would total costs be for a month with 5,000 units produced?
What will be an ideal response?
The ratio percentage of earnings retained is the same as that termed:
a. dividend yield. b. dividend payout. c. this year's retained earnings to net income. d. return on common equity. e. book value.
The ______ skill set involves figuring out novel or innovative solutions to problems that were identified through the use of conceptual skills.
A. productivity B. design C. conceptual D. interpersonal
Organizational demography has been used as a conceptual framework for diversity for ______.
a. more than 5 years b. less than 5 years c. less than a year *d. more than two decades