When the number of units sold exceeds the number of units produced, net income under variable costing ________ net income under absorption costing

A) is less than
B) exceeds
C) equals
D) not enough information to determine

B

Business

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Lena has owned and lived in her home for the last 6 years. She claimed the office in the home deduction for 3 years and claimed $500 of depreciation. Lena sold her home this year and will report the $500 of depreciation as income.

a. true b. false

Business

What condition would make it impossible for a business to achieve maximum marketing profits in later stages of the product life cycle?

A) low customer retention B) a price increase C) decreasing volume D) lower level of sales expenses E) lower level of marketing expenses

Business