Reporting comprehensive income in the United States can be accomplished by which of the following methods:
a. in the statement of shareholders' equity
b. a combined statement of income and comprehensive income
c. a separate statement of comprehensive income
d. all of the above are acceptable methods
Ans: d. all of the above are acceptable methods
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Ramirez Corporation sells two types of computer chips. The sales mix is 30% (Q-Chip) and 70% (Q-Chip Plus). Q-Chip has variable costs per unit of $60 and a selling price of $100. Q-Chip Plus has variable costs per unit of $70 and a selling price of $130. Ramirez's fixed costs are $540,000. How many units of Q-Chip would be sold at the break-even point?
a. 3,000 b. 3,522 c. 5,000 d. 7,000
The bullwhip effect is the distortion of information about the demand for a product as it passes from one entity to the next across the supply chain
Indicate whether the statement is true or false