What is information about a client that cannot be subpoenaed by a court of law called?
a. Confidential information.
b. Privileged communication.
c. Contingent information.
d. Audit communication.
b
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The last step in the closing process is to transfer the balance in the owner's drawing account to the owner's capital account
Indicate whether the statement is true or false
How does the Better Business Bureau differ from Rotary International?
a. It puts a greater focus on improving the local community. b. It is international instead of domestic. c. It is more focused on improving business conduct than community service projects. d. There is less networking between business members.
Which of the following statements does not accurately capture the contingency theory of high-technology marketing?
a. Because customers can clearly articulate their ideas and needs, standard marketing research tools are effectively used for more incremental innovations. b. Because technological prowess is key in supply-driven markets, R&D tends to take a leadership role for more radical innovations. c. Because customers have a clearer understanding of the various products in the market, advertising to build selective demand is appropriate for more incremental innovations. d. When a breakthrough innovation revolutionizes the way customers do things, it is critical to stimulate primary demand for the new product class. e. Due to the prevalence of unit-one costs in high-tech markets, low pricing is appropriate for most radical innovations.
Dataport Company reports the following annual cost data for its single product:Normal production and sales level89,000 unitsDirect materials$14 per unitDirect labor$21 per unitVariable overhead$27 per unitFixed overhead$3,738,000 in totalThis product is normally sold for $230 per unit. If Dataport increases its production to 100,000 units, while sales remain at the current 89,000 unit level, by how much would the company's gross margin increase or decrease under absorption costing? Assume the company has idle capacity to increase current production.
What will be an ideal response?