Profit will be the same under variable costing as under full absorption costing whenever: Multiple Choice variable costing is chosen for external reporting purposes. the number of units produced is the same as the number of units sold. the number of units produced is greater than the number of units sold. the number of units produced is less than the number of units sold.

What is a sort of auction for stocks in which traders verbally submit their offers?

Selected data for stick’s design are given as of december 31, year 1 and year 2 (rounded to the nearest hundredth). year 2 year 1 net credit sales $25,000 $30,000 cost of goods sold 16,000 18,000 net income 2,000 2,800 cash 5,000 900 accounts receivable 3,000 2,000 inventory 2,000 3,600 current liabilities 6,000 5,000 compute the following: 1. current ratio for year 2 2. acid-test ratio for year 2 3. accounts receivable turnover for year 2 4. average collection period for year 2 5. inventory turnover for year 2

During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak