Which of the following tends to vary spontaneously with changes in the level of sales??
A. ?long?term debt
B. ?plant
C. ?accounts payable
D. paid?in capital
Answer: C
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Value Electronics uses a standard part in the manufacture of different types of radios. The total cost of producing 24,000 parts is $90,000, which includes fixed costs of $30,000 and variable costs of $60,000. The company can buy this part from an external supplier for $5 per unit and avoid 10% of the fixed costs. If Value Electronics decides to outsource the production of the part, how will it impact its operating income?
A) Operating income increases by $57,000. B) Operating income decreases by $57,000. C) Operating income increases by $60,000. D) Operating income decreases by $60,000.
How are leaders responsible for supporting ethical decision making?
What will be an ideal response?
Kate subdivides land held as an investment and Section 1237 is satisfied. The lots sell for $30,000 per lot (basis $10,000). Kate sells five lots in the first year. Kate's ordinary income is
A. $0. B. $150,000. C. $20,000. D. $100,000.
Discuss how visual aids can help reduce apprehension.
What will be an ideal response?