Contribution margin equals sales minus
a. cost of goods sold.
b. total costs.
c. fixed costs.
d. variable costs.
D
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The stage in the new product process that occurs first is the ________ stage
A) idea generation B) product development C) test marketing D) product soft launch E) concept testing
When production is greater than sales, the operating income will be higher under absorption costing than variable costing. Assume zero beginning and ending inventories. Which of the following gives the correct reason for the above statement?
A) All costs incurred have been recorded as expenses. B) A portion of the fixed manufacturing overhead is still in the ending Finished Goods Inventory account under absorption costing. C) All selling and administrative expenses have been recorded as period costs. D) Fixed manufacturing costs have not been considered when calculating the operating profits.
Which of the following statements is most likely to be true regarding instant messaging?
A) It allows multitasking with multiple medium options. B) It hampers the efficiency for geographically dispersed workgroups. C) It is completely secure. D) It is typically used for sending out confidential information. E) It does not allow for real-time communication of information.
Which of the following is one of the elements of stockholders' equity?
A) Income tax payable B) Dividends payable C) Retained earnings D) Accounts payable