Which of the following statements is true of the swim-lane layout used for modeling business processes?
A) It complicates the process diagrams.
B) It draws attention to the interactions among components of the diagram.
C) Each role in the business process has to share the swim-lane with other roles.
D) All activities for a given role are repeated in all the swim-lanes.
B
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A business purchases equipment by paying $6,276 in cash and issuing a note payable of $19,177. Which of the following occurs?
A) Cash is credited for $6,276, Equipment is credited for $25,453, and Notes Payable is debited for $19,177. B) Cash is credited for $6,276, Equipment is debited for $25,453, and Notes Payable is credited for $19,177. C) Cash is debited for $6,276, Equipment is debited for $19,177,and Notes Payable is credited for $25,453. D) Cash is debited for $6,276, Equipment is credited for $19,177, and Notes Payable is debited for $12,901.
Contribution margin ratio is the ratio of contribution margin to ________
A) net sales revenue B) cost of goods sold C) total variable costs D) total fixed costs