Company unions in Japan exist to foster a cooperative relationship with management.
Answer the following statement true (T) or false (F)
True
Company unions at Toyota as well as elsewhere in Japan exist to foster a cooperative relationship with management.
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Nolan Company has two segments: Audio and Video. Sales for the Audio Segment were $500,000 . and variable costs were 60% of sales. The Video Segment also had sales of $500,000 . but variable costs were 60% of sales. Fixed costs directly traceable to the Audio and Video segments were $150,00 . and $120,000 . respectively. Common fixed costs of $200,00 . were arbitrarily allocated equally to each
segment. What was the contribution margin of the Audio Segment. a. $50,000 b. $300,000 c. $200,000 d. $150,000
One of the ways a salesperson earns a prospect's attention is by exhibiting specific product knowledge.
Answer the following statement true (T) or false (F)
All of the following statements regarding vertical analysis are true except:
A) Vertical analysis may be prepared for several periods to analyze changes in relationships over time. B) In a vertical analysis of a balance sheet, each asset item is stated as a percent of total assets. C) In a vertical analysis of an income statement, each item is stated as a percent of total expenses. D) Major differences between a company's vertical analysis and industry averages should be investigated.
Which of the following budgets for a service business should be prepared last?
a. Revenue budget b. Other direct expenses budget c. Professional labor budget d. Overhead budget