All of the following are examples of standing plans, EXCEPT ______.
a. procedures
b. budgets
c. rules
d. policies
b. budgets
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The special journal to record a purchase of merchandise on account is the ____________________ journal
Fill in the blank(s) with correct word
A(n) ____________________ is the notification to the payee that the bank has collected interest on a note and added the amount to the payee's account
Fill in the blank(s) with correct word
The balanced scorecard links the perspectives of an organization's stakeholders with the organization's mission and vision, performance measures, strategic plan, and resources
Indicate whether the statement is true or false
Materials used by the company in producing Division C's product are currently purchased from outside suppliers at a cost of $15 per unit. However, the same materials are available from Division A. Division A has unused capacity and can produce the materials needed by Division C at a variable cost of $10.00 per unit. A transfer price of $11.00 per unit is negotiated, and 60,000 units of material
are transferred, with no reduction in Division A's current sales. How much would Division A's income from operations increase? a. $0 b. $30,000 c. $90,000 d. $60,000