Which of the following statements is true for a firm that uses variable costing?
a. The cost of a unit of product changes because of changes in the number of units manufactured.
b. Profits fluctuate with sales.
c. An idle facility variation is calculated.
d. None of the above.
B
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Land is purchased on credit. For this transaction, identify the effect on the accounting equation
a. Assets increase and liabilities increase. b. Assets increase and owners' equity increases. c. Liabilities increase and owners' equity decreases. d. Liabilities decrease and assets decrease.
The buying center is where consumers go to purchase their goods and services
Indicate whether the statement is true or false
The political systems of England and Japan are quite different
Indicate whether the statement is true or false.
Which of the following would be included when describing the infrastructure?
a. financial viability b. customers c. facilities d. the offering