Gross profit is equal to

A) sales plus cost of goods sold
B) sales plus selling expenses
C) sales less selling expenses
D) sales less cost of goods sold

The hedonist,might-equals-right,and organizational interests principles are all examples of ____ principles that may be used to provide an ethical justification for a person's decisions and behaviors.

A) concern for others
B) balancing interests
C) situational effects
D) self-serving

The high and low points used in the high-low method tend to be unusual and therefore the cost formula for the mixed cost may not accurately represent all of the data.

The short-term scheduling activity called loading

A) assigns dates to specific jobs or operations steps.
B) specifies the order in which jobs should be done at each centre.
C) assigns jobs to work centres.
D) assigns workers to jobs.
E) assigns workers to machines.

Some proposals are solicited through an RFP, which stands for

A) Request for Pricing
B) Requisition for Purchasing
C) Request for Proposal
D) Reading for Project

If marginal cost is GREATER than average total cost:

A) average total cost is increasing.
B) average total cost is decreasing.
C) average total cost is unchanged.
D) marginal cost is decreasing.

Trade adjustment assistance provides subsidies to companies that have lost business to foreign firms.

The following entry was recorded in the books of Brighty Company.Mar. 31 Cost of Goods Sold
18,000
Inventory
18,000
Recorded cost of goods sold.​
What is the impact of this entry on the accounting equation?

A) an increase in Assets and an increase in Equity
B) an increase in Assets and an increase in Liabilities
C) a decrease in Assets and a decrease in Liabilities
D) a decrease in Assets and a decrease in Equity