The gross margin amount is the sum of the full absorption cost and the revenue generated

through sales.

Indicate whether the statement is true or false

FALSE

Business

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If the adjusting entry to record the account of prepaid insurance that has expired during the period is omitted, the net income for the period will be____.

Fill in the blank(s) with the appropriate word(s).

Business

___________ can be very effective in delivering certain kinds of information but will not likely eliminate the need for one-on-one training for salespeople.

A. Electronic training methods B. Classroom training C. Role-playing D. On-the-job training E. Videoconferencing

Business