Answer the following statements true (T) or false (F)
1. Factory rent, as well as factory property taxes and insurance, are included in manufacturing
overhead.
2. Manufacturing companies have inventory accounts, but merchandising companies do not.
3. Freight costs paid to ship raw materials to a company warehouse are considered product costs.
4. Sales commissions are included in manufacturing overhead.
5. In a manufacturing company, advertising and marketing costs are examples of period costs.
1. TRUE
2. FALSE
3. TRUE
4. FALSE
5. TRUE
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Due to the time required to scan them, the use of universal product codes (UPCs) is typically restricted to shopping products
Indicate whether the statement is true or false a. True b. False
High-context cultures place a high value on all of the following EXCEPT:
A. nonverbal cues. B. personal relations. C. trust. D. prioritizing business.
Apparent authority may be based on which of the following?
a. Only words of the principal or acts of the principal. b. Only words of the principal or knowledge that the principal has allowed its agent to engage in certain activities on its behalf over an extended period of time. c. Words of the principal, acts of the principal, or knowledge that the principal has allowed its agent to engage in certain activities on its behalf over an extended period of time. d. Express contractual authority only.
An EBIT-EPS analysis allows the decision maker to visualize the impact of different financing
plans on EPS over a range of EBIT levels. Indicate whether the statement is true or false