Which of the following statements is true?
a. Gap analysis is a tool that can help identify and prioritize necessary changes in a cost management system(CMS).
b. Gap analysis assesses differences between the CMS an organization presently has and the one they would like to have.
c. In many cases, system gaps cannot be eliminated in the short run.
d. All of the above statements are true.
d
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Smith Company reported $350,000 in book income before income tax during 2018, its first year of operation. The tax depreciation exceeded its book depreciation by $30,000. The tax rate for 2018 and all future years was 40%. Income tax expense reported in the income statement for the year ending December 31, 2018 would be:
A. $140,000. B. $120,000. C. $100,000. D. $128,000.
Relative to the current year, the sales manager's proposal will ________.
Alvarez Company is facing an $8 increase in the variable costs of producing one of its products for the upcoming year. As a result, the sales manager has made a proposal to increase the sales price of the product while increasing the advertising budget at the same time. The sales price increase will lower sales volume, but the other changes may help the company maintain its profit margin. Alvarez has provided the following information regarding the current year results and the proposal made by the sales manager:
A) decrease operating income by $324,000
B) increase contribution margin by $196,000
C) decrease the unit breakeven point
D) decrease operating income by $196,000
If a buyer repudiates a contract, the seller can bring an action to recover damages.?
Indicate whether the statement is true or false
Nancy Joon, Inc has 1500 employees. A simple random sample of 81 employees was selected, and the individuals in the sample were asked how much they contribute (monthly) to their retirement accounts. The sample mean, , was $150 with a standard deviation, s, of $45
a. Estimate the standard error of the mean. b. Develop an approximate 95% confidence interval for the population mean.