Upper-level layers in the OSI and TCP/IP models are responsible for the physical media and the devices that make up a network and the initial framing of data bits so that these bits can be passed from one computer or network to another

Reiger Company had planned for operating income of $10 million in the master budget but actually achieved operating income of only $7 million.

a. The static-budget variance for operating income is $3 million favorable. b. The static-budget variance for operating income is $3 million unfavorable. c. The flexible-budget variance for operating income is $3 million favorable. d. The flexible-budget variance for operating income is $3 million unfavorable.

The cash received from customers is reported as part of ending cash balance in the balance sheet and as part of operating cash flows in the statement of cash flows

a. true b. false