Depreciation deductions, like any other business expenses, reduce the income that a firm reports on its income statement

The phone bill for a company consists of both fixed and variable costs

Refer to the four-month data below and apply the high-low method to answer the question. (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.) Minutes Total Bill January 460 $3,000 February 200 $2,675 March 180 $2,630 April 320 $2,840 What is the fixed portion of the total cost? A) $607 B) $370 C) $2,393 D) $2,630

Which of the following is most likely a drawback of contract manufacturing?

A) There are low chances of quickly starting the process. B) There is decreased control over the manufacturing process. C) There are significant political and economic risks involved. D) There is little opportunity of later forming a partnership. E) There is no possibility of buying out the local manufacturer.