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Bus 475 guide 1 60) International Game Technology’s new ERP system produced all of the following benefits except:  A. The company gained flexibility in manufacturing products B. Integrated the company’s business functions C. Company was able to mainta
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Bus 475 guide 1 60) International Game Technology’s new ERP system produced all of the following benefits except: A. The company gained flexibility in manufacturing products B. Integrated the company’s business functions C. Company was able to mainta


60) International Game Technology’s new ERP system produced all of the following benefits except: …

60) International Game Technology’s new ERP system produced all of the following benefits except:
A. The company gained flexibility in manufacturing products
B. Integrated the company’s business functions
C. Company was able to maintain its original business processes
D. ERP system connected the company’s global operations
E. Operations employees were able to access manufacturing process details at their workstations

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  • 1. BUS/475 Guide 1Click Here to Buy the Tutorial/Answers1) The conceptual framework developed by the Financial Accounting Standards Board__________.A. are rules that all accountants must followB. was approved by a vote of all accountantsC. is legally binding on all accountantsD. is viewed as providing a constitution for setting accounting standards for financialreportingRead more: As Plant Controller, you are trying to determine which costs over which you have the mostcontrol on a day to day basis. Your goal is to achieve better profitability. The PlantOperations Manager suggests that overhead is the easiest area to directly reduce costs. Whichof the following items would be classified as manufacturing overhead?A. General corporate liability insuranceB. Factory janitorC. The western division’s vice president’s salaryD. Cost of landscaping the corporate officeRead more: Which list below best describes the major services performed by public accountants?A. Employee training, auditing, bookkeepingB. Bookkeeping, mergers, budgetsC. Cost accounting, production scheduling, recruiting
  • 2. D. Auditing, taxation, management consultingRead more: The conceptual framework developed by the Financial Accounting Standards Board__________.A. are rules that all accountants must followB. was approved by a vote of all accountantsC. is legally binding on all accountantsD. is viewed as providing a constitution for setting accounting standards for financialreportingRead more: In what situations will a static budget be most effective in evaluating a managerseffectiveness?A. The company has substantial variable costs.B. The company has substantial fixed costs.C. The company has no fixed costs.D. The planned activity levels match actual activity levels.Read more: Which one of the following items is not generally used in preparing a statement of cashflows?A. Comparative balance sheetsB. Adjusted trial balance
  • 3. C. Additional informationD. Current income statementRead more: These are selected account balances on December 31, 2008.Land (location of the corporation’s office building) $150,000Land (held for future use) 225,000Corporate Office Building 900,000Inventory 300,000Equipment 675,000Office Furniture 150,000Accumulated Depreciation 450,000What is the net amount of property, plant, and equipment that will appear on the balancesheet?A .$1,425,000B. $1,650,000C. $2,400,000D. $1,950,0008) A well-designed activity-based costing system starts with __________.A. analyzing the activities performed to manufacture a productB. computing the activity-based overhead rateC. assigning manufacturing overhead costs for each activity cost pool to productsD. identifying the activity-cost poolsRead more:
  • 4. 9) The cost principle is the basis for preparing financial statements because it is __________.A. the most accurate measure of purchasing powerB. relevant and objectively measured, and verifiableC. an international accounting standardD. a conservative valueRead more: Which one of the following is a product cost?A. Advertising costsB. Office salariesC. Sales person’s salariesD. Indirect laborRead more: If a company reports a net loss, it __________.A. will not be able to make capital expendituresB. will not be able to pay cash dividendsC. will not be able to get a loanD. may still have a net increase in cashRead more: The primary purpose of the statement of cash flows is to __________.A. prove that revenues exceed expenses if there is a net incomeB. provide information about the investing and financing activities during a periodC. facilitate banking relationshipsD. provide information about the cash receipts and cash payments during a period
  • 5. 13) The major reporting standard for management accounts is __________.A. the Sarbanes-Oxley Act of 2002B. the Standards of Ethical Conduct for Practitioners of Management Accounting andFinancial ManagementC. generally accepted accounting principlesD. relevance to decisionsRead more: Disney’s variable costs are 30% of sales. The company is contemplating an advertisingcampaign that will cost $22,000. If sales are expected to increase $40,000, by how much willthe companys net income increase?A. $28,000B. $18,000C. $6,000D. $12,0015) The price of a good that prevails in a world market is called theA. relative price.B. absolute price.C. world price.D. comparative price.16) A countrys consumption possibilities frontier can be outside its production possibilitiesfrontier if __________.A. the citizens of the country have a greater desire to consume goods and services than do thecitizens of other countriesB. the country’s technology is superior to the technologies of other countriesC. the country imports more than it exports
  • 6. D. the country engages in trade17) The general term for market structures that fall somewhere in-between monopoly andperfect competition is __________.A. monopolistically competitive marketsB. imperfectly competitive marketsC. incomplete marketsD. oligopoly marketsRead more: For a college student who wishes to calculate the true costs of going to college, the costsof room and board __________.A. plus the cost of tuition, equals the opportunity cost of going to collegeB. should be counted only to the extent that they are more expensive at college thanelsewhereC. should be counted in full, regardless of the costs of eating and sleeping elsewhereD. usually exceed the opportunity cost of going to college19) A tax on an imported good is called a __________.A. trade taxB. tariffC. quotaD. supply taxRead more:
  • 7. 20) Without trade, __________.A. interdependence is more extensive than it would be with tradeB. a countrys production possibilities frontier is also its consumption possibilities frontierC. a country is better off because it will have to learn to be self-sufficient without tradeD. a country can still benefit from international specialization21) Which of the following statements about GDP is correct?A. GDP increases if the total population increases.B. Money continuously flows from households to government and then back to households,and GDP measures this flow of money.C. GDP measures two things at once: the total income of everyone in the economy and theunemployment rate.D. GDP is to a nation’s economy as household income is to a household.Read more: The political business cycle refers to __________.A. the potential for a central bank to increase the money supply and therefore real GDP tohelp the incumbent get re-electedB. changes in output created by the monetary rule the Fed must followC. the fact that about every four years some politician advocates greater government controlof the FedD. the part of the business cycle caused by the reluctance of politicians to smooth thebusiness cycleRead more: The open-economy macroeconomic model examines the determination of __________.A. unemployment and the exchange rate
  • 8. B. the trade balance and the exchange rateC. the output growth rate and the real interest rateD. the output growth rate and the inflation rateRead more: The model of short-run economic fluctuations focuses on the price level and __________.A. economic growthB. Net GDPC. real GDPD. the neutrality of moneyRead more: Which of the following statements about GDP is correct?A. Nominal GDP values production at constant prices, whereas real GDP values productionat current prices.B. Nominal GDP consistently underestimates the value of production, whereas real GDPconsistently overestimates the value of production.C. Nominal GDP values production at current prices, whereas real GDP values production atconstant prices.D. Nominal GDP values production at market prices, whereas real GDP values production atthe cost of the resources used in the production process.26) Real GDP __________.A. evaluates current production at the prices that prevailed in some specific year in the past.B. is a measure of the value of goods only; it excludes the value of services.C. evaluates current production at current prices.
  • 9. D. is not a valid measure of the economys performance, since prices change from year toyear.27) The balance of payment account is made up of:A. an import account and an export account.B. a monetary account and a fiscal account.C. a current account and a financial and capital account.D. an investment account and a consumption account.Read more: Which of the following best describes a mental image of a possible and desirable futurestate of the organization?A. Horizontal communicationB. VisionC. MissionD. Vertical communicationE. LeadershipRead more: Which of these refers to the practices aimed at discovering and harnessing anorganizations intellectual resources?A. EffectivenessB. Knowledge managementC. Collaboration
  • 10. D. CompetitivenessE. InnovationRead more: As related to managing of human resources, diversity refers to:A. Differences in retention strategies (such as training, hiring, incentives, etc)B. Differences in recruiting methods (such as newspapers, schools, flyers, magazines,agencies, etc.)C. Differences in employee benefit plans (such as pensions, insurance, vacations,memberships, etc.)D. Differences in pay methods (such as hourly, salaried, overtime, hazard-pay,commissioned, etc.)E. Differences in demographics (such as age, race, gender, disability status, lifestyle, veteranstatus, educational level, etc.)Read more: When a company establishes technology leadership by pioneering unique products orservices that command premium prices, it has benefited from a:A. Differentiation strategyB. High-price strategyC. High-cost strategyD. Diversification strategyE. Low-cost strategyRead more: Teams that operate separately from the regular work structure and exist temporarily areknown as:A. Transnational teams
  • 11. B. Parallel teamsC. Management teamsD. Self-managed teamsE. Self-designing teamsRead more: Which of these represent skills that managers need?A. Interpersonal, quantitative, and professionalB. Technical, interpersonal & communication and conceptual & decision makingC. Interpersonal & communication, conceptual & decision making and professionalD. Conceptual & decision making, professional and technicalE. Professional, technical and interpersonal & communicationRead more: Having individuals actually do the job they are applying for as a test to see if they can doit is __________.A. an approach with high face validityB. a formal means of screening candidatesC. an approach with low reliabilityD. an approach with high reliabilityE. an informal means of screening candidates35) A managers ability to stimulate people to be high performers is referred to as:A. OrganizingB. StaffingC. PlanningD. Controlling
  • 12. E. LeadingRead more: The most dominant areas in the global economy include:A. North America, Mexico and AsiaB. Western Europe, Asia and AfricaC. North America, Western Europe and AsiaD. North America, Asia and AfricaE. North America, South America and Western EuropeRead more:,,menuPK:659178~pagePK:64218926~piPK:64218953~theSitePK:659149,00.html An organization that is managed aggressively and has growth and high profits as primaryobjectives may be considered a(n):A. Large corporationB. Online BusinessC. Multinational corporationD. Entrepreneurship ventureE. Small businessRead more: __________ is the process of working with people and resources to accomplishorganizational goals.
  • 13. A. ManagementB. SupervisingC. PlanningD. Decision makingE. ControllingRead more: Building a dynamic organization is another way of describing which function ofmanagement?A. ControllingB. OrganizingC. PlanningD. LeadingE. StaffingRead more: One study found that manufacturing labor costs about _____ an hour in China, comparedto _____ dollars in the United States.A. $2; about 25B. About $2; about 15C. Less than $1; about 15D. Less than $1; about 25E. Less than $1; about 40 (Check your textbook!!!)41) ABC International carefully watches the actions of its most innovative competitor andlearns from them. ABC can establish a low-cost position by:
  • 14. A. Mass-producing products that have an established market nicheB. Producing an imitation of the new technology that utilizes lower-quality and lower-costmaterialsC. Making subtle changes to the product, thereby avoiding patent restrictionsD. Learning from the leader thereby avoiding the costs and risks of technology leadershipE. Technology followers are not successful at low-cost strategies42) Use the following table to answer question:P(M A) is approximately _____.A. .25B. .125C. .625D. .50 (Check your textbook!!!)43) Which of the following statements is true?A. If A and B are independent events, the P(B) = P(A) P(B).B. If event (A) occurs, then its complement (A) will also occur.C. The probability of A and its complement (A) will always sum to one.D. The sum of two mutually exclusive events is one.44) Use the following table to answer question:Are Service provider and county independent events?A. Insufficient information to determineB. Yes
  • 15. C. No (Check your textbook!!!)45) Use the following table to answer question:P(S | W) is approximately _____.A. .58B. .12C. 30D. .40 (Check your textbook!!!)46) William used a sample of 68 U.S. cities to estimate the relationship between Crime(annual property crimes per 100,000 persons) and Income (median income per capita). Hisestimated regression equation was Crime = 428 + .050 Income.Which outcomes would be likely in a bivariate regression on 45 randomly chosen U.S. citiesin 2005 withY = number of robberies in each city (thousands of robberies) andX = size of police force in each city (thousands of police)?A. No correlation.B. Autocorrelation.C. Positive slope (due to city size).D. High R2 (due to city size).Read more: Thirty patients are selected from a filing cabinet containing 812 patient folders bychoosing every 27th patient folder. Which sampling method is this?
  • 16. A. Cluster sampleB. Simple random sampleC. Stratified sampleD. Systematic sample48) Suppose that the optimal values of the decision variables to a two-variable linearprogramming problem remain the same as long as the slope of the objective function liesbetween the slopes of the following two constraints:2X1 + 3X2 262X1 + 2X2 20The current objective function is:8X1 + 9X2 = ZWhich of the following statements about the range of optimality on c1 is TRUE?A. 0 c1 2B. 9 c1 12C. 2 c1 6D. 6 c1 949) Which one of the following statements concerning production and staffing plans is best?A. Aggregation can be performed along three dimensions: product families, labor, and time.B. A master production schedule is a projected statement of income, costs, and profits.C. A staffing plan is the intermediate link between the business plan and the masterproduction schedule.
  • 17. D. Production plans are based primarily on information from the master production plan.Read more: Which one of the following statements concerning production and staffing plans is best?A. When production and staffing plans are made, aggregation can be performed only alongtwo dimensions: products and time.B. Production and staffing plans specify production rates, workforce levels, and inventoryholdings, but do not account for capacity limitations because they are aggregated.C. Production and staffing plans attempt to achieve several objectives, all of which must beconsistent with one another.D. The impact of production and staffing plans cuts across several functional areas of thefirm.51) Queuing models use an A/B/C notation. What do these variables represent?A. maximum time between arrivals/maximum allowable service time/maximum number ofparallel serversB. distribution of time between arrivals/distribution of service times/number of parallelserversC. average time between arrivals/average service time/number of parallel serversD. minimum time between arrivals/minimum allowable service time/minimum number ofparallel serversRead more: Which is not a tool of statistical quality control?A. Attribute control chartB. Fishbone diagramC. Pareto chartD. Deming chart
  • 18. Read more: Fundamental points about network computing in organizations include all of thefollowing except:A. Networks have had limited impact on organizational productivityB. Computers constantly exchange dataC. Computer data exchange provides significant advantages to organizationsD. Networks can be of any size, from small to enormousE. Networks support new ways of doing businessRead more: When customers access a Web site and make purchases, they generate __________.A. Web dataB. Tracking cookiesC. InformationD. Clickstream dataE. Hyperlink dataRead more: When your purchases are swiped over the bar-code reader at the point-of-sale terminals atWal-Mart, a _____ records the data.A. transaction processing systemB. enterprise resource planning system
  • 19. C. functional area information systemD. dashboardE. office automation systemRead more: Which of the following is not a source for external data?A. commercial databasesB. satellitesC. corporate databasesD. sensorsE. government reportsRead more: Which of the following statements is correct?A. An individual’s right to privacy is absoluteB. Advances in information technologies have not affected individual privacyC. It is difficult to determine and enforce privacy regulationsD. An individual’s right to privacy supersedes the needs of societyE. The Internet has increased individuals’ privacyRead more: The management cockpit best exemplifies which type of system?A. Decision support systemB. Functional area information system
  • 20. C. Expert systemD. Digital dashboardE. Group decision support systemRead more: Information-based industries are most susceptible to which one of Porter’s five forces?A. bargaining power of suppliersB. rivalry among existing firms in an industryC. bargaining power of customersD. threat of substitute productsRead more: International Game Technology’s new ERP system produced all of the following benefitsexcept:A. The company gained flexibility in manufacturing productsB. Integrated the company’s business functionsC. Company was able to maintain its original business processesD. ERP system connected the company’s global operationsE. Operations employees were able to access manufacturing process details at theirworkstations61) Which of the following is not a reason that managers need IT support?A. Need to access remote information sourcesB. Number of alternatives are decreasingC. Decisions must typically be made under time pressureD. Decisions are becoming more complex
  • 21. E. Decision makers are often in different locations62) Which of the following are not provided by digital dashboards?A. Key performance indicatorsB. Drill downC. Transaction processingD. Status accessE. Exception reportingRead more: Which of the following best represents operating income?A. Income from capital gainsB. Income after financing activitiesC. Earnings before interest and taxesD. Income from discontinued operationsRead more: Which of the following is most consistent with the hedging principle in working capitalmanagement?A. Fixed assets should be financed with short-term notes payable.B. Inventory should be financed with preferred stock.C. Accounts receivable should be financed with short-term lines of credit.
  • 22. D. Borrow on a floating rate basis to finance investments in permanent assets.Read more: Exchange rate risk:A. has been phased out due to recent international legislation.B. arises from the fact that the spot exchange rate on a future date is a random variable.C. applies only to certain types of domestic businesses.D. doesn’t affect trades made in US Dollars.Read more: A machine costs $1,000, has a three-year life, and has an estimated salvage value of$100. It will generate after-tax annual cash flows (ACF) of $600 a year, starting next year. Ifyour required rate of return for the project is 10%, what is the NPV of this investment?(Round your answerwer to the nearest $10.)A. $900B. $490C. $570D. -$15067) At 8% compounded annually, how long will it take $750 to double?A. 6.5 yearsB. 9 yearsC. 48 monthsD. 12 years
  • 23. 68) If the quote for a forward exchange contract is greater than the computed price, theforward contract is:A. overvalued.B. a good buy.C. undervalued.D. at equilibrium.Read more: Forward rates are quoted:A. in direct form and at a premium or discountB. by the FDICC. in an indirect formD. on financial statementsE. dailyRead more: You hold a portfolio with the following securities:Security Percent of Portfolio Beta ReturnX Corporation 20% 1.35 14%Y Corporation 35% .95 10%Z Corporation 45% .75 8%Compute the expected return and beta for the portfolio.
  • 24. A. 10.67%, 1.02B. 34.4%, .94C. 9.9%, 1.02D. 9.9%, .9471) A stock with a beta greater than 1.0 has returns that are _____ volatile than the market,and a stock with a beta of less than 1.0 exhibits returns which are _____ volatile than those ofthe market portfolio.A. more, moreB. less, moreC. more, lessD. less, lessRead more: Mortgage bonds:A. are a type of debenture.B. usually pay little or no interest.C. are secured by a lien on real property.D. can only be issued by financial institutions.Read more: Petrified Forest Skin Care, Inc. pays an annual perpetual dividend of $1.70 per share. Ifthe stock is currently selling for $21.25 per share, what is the expected rate of return on thisstock?A. 8.0%B. 36.13%
  • 25. C. 12.5%D. 13.6%74) Suppose you determine that the NPV of a project is $1,525,855. What does that mean?A. Under all conditions, the project’s payback would be less than the profitability index.B. In all cases, investing in this project would be better than investing in a project that has anNPV of $850,000.C. The project would add value to the firm.D. The project’s IRR would have to be less that the firm’s discount rate.75) At what rate must $400 be compounded annually for it to grow to $716.40 in 10 years?A. 7%B. 6%C. 5%D. 8%76) "Positioning":A. is useful for combining but not for segmenting.B. applies to new products--but not existing products.C. helps strategy planners see how customers view competitors offerings.D. eliminates the need for judgment in strategy planning.E. is concerned with obtaining the best shelf space in retail outlets.Read more: Good marketing strategy planners know that:
  • 26. A. the terms "mass marketing" and "mass marketer" mean basically the same thing.B. firms like Nabisco and Wal-Mart are too large to aim at clearly defined target markets.C. target marketing does not limit one to small market segments.D. target markets cannot be large and spread out.E. mass marketing is often very desirable and effective.Read more: In an effort to increase its total sales, Champion has started exporting its spark plugs foruse by several German auto producers. Champion is pursuing a _____ opportunity.A. mass marketingB. diversificationC. market penetrationD. market developmentE. product developmentRead more: The three basic tasks of ALL managers, according to the text, are:A. planning, staffing, and evaluating.B. hiring, training, and compensating.C. marketing, production, and finance.D. planning, implementation, and control.E. execution, feedback, and control.Read more:
  • 27. 80) Analysis of demographic dimensions:A. is the most important step to successful segmentation.B. can be used along with analysis of other dimensions to identify attractive target markets.C. considers income and sex, but not age.D. only considers age.E. is the most effective way to identify unmet consumer needs.Read more: The basic objective of the U.S. market-directed economic system is to:A. minimize inflation.B. achieve an annual growth rate of at least 10 percent.C. satisfy consumer needs as they--the consumers--see them.D. make the most efficient use of the countrys resources.E. provide each person with an equal share of the economic output.82) The managerial process of developing and maintaining a match between the resources ofan organization and its market opportunities is called:A. management by objective.B. strategic (management) planning.C. marketing programming.D. market planning.E. marketing strategy planning.Read more:
  • 28. 83) When evaluating macro-marketing:A. one must determine how efficiently the societys resources are used.B. the evaluation is necessarily subjective.C. one must consider each individual firms role in the marketing system.D. one must consider the society’s role in the marketing system.E. the best approach is to consider the profit generated by individual firms within the overallsystem.Read more: In comparison to the buying of final consumers, the purchasing of organizational buyers:A. leans basically toward economy, quality, and dependability.B. is strictly economic and not at all emotional.C. is even less predictable.D. is always emotional.E. is always based on competitive bids from multiple suppliers.Read more: When one considers the strategy decisions organized by the four Ps, branding is related topackaging as:A. store location is to sales force selection.B. branding is to pricing.C. personal selling is to mass selling.D. pricing is to promotion.E. production is to marketing.Read more:
  • 29. 86) The managerial process of developing and maintaining a match between the resources ofan organization and its market opportunities is called:A. marketing strategy planning.B. management by objective.C. strategic (management) planning.D. market planning.E. marketing programming.Read more: When looking at demographic dimensions, marketers should:A. recognize that demographics can be very useful for estimating the market potential ofpossible target markets.B. know that it is illegal to segment markets based on membership in some racial or ethnicgroup.C. understand that ethnic groups are generally homogeneous within.D. always consider external influences.E. know that demographics are especially helpful in explaining why specific people buyspecific brands.88) Which of the following receives at least some protection under the U.S. Constitution?A. Both obscene speech and offensive speechB. Obscene speechC. Offensive speechD. Neither obscene speech nor offensive speechRead more: Which article of the United States Constitution deals with the judicial power of thefederal government?
  • 30. A. Article I.B. Article III.C. Article IV.D. Article V.E. Article II.Read more: Which of the following activities by an administrative agency requires public notice andparticipation?A. Substantive rule making only.B. Substantive rule making and statements of policy only.C. Statements of policy only.D. Substantive rule making, interpretive rule making, and statements of policy.E. Substantive rule making and interpretive rule making only.Read more: Which of the following is correct about interpretive rules?A. They do not establish new law.B. They must be accompanied by substantive rules.C. All federal administrative agencies have implied power to make interpretive rules.D. Interpretive rules are not subject to judicial review.E. They require public notice and participation to create.Read more: What type of commercial speech did the U.S. Supreme Court say was protected in theGreater New Orleans Broadcasting Association, Inc. v. United States case?
  • 31. A. Information on gambling and lotteries.B. Information about child pornography.C. Obscene speech.D. Information on how to build a bomb.Read more: A professional corporation is one that:A. Is formed with the assistance of a lawyer.B. Is typically used as a form of doing business by doctors and lawyers.C. Has been in existence long enough to reasonably assure that it will be profitable in the nearfuture.D. Does not have shareholders.Read more: What makes a publicly held corporation different from a public corporation?A. A publicly held corporation must have a charitable purpose, but a public corporation neednot have a charitable purpose.B. They are two terms that have the same meaning.C. A publicly held corporation has many shareholders rather than being a corporation ownedby a governmental entity.D. A publicly held corporation is entitled to limited liability, but a public corporation is not.Read more: Generally, which of the following statements relating to contractual capacity is correct?A. People with no competence make voidable contracts.B. People who have been adjudicated insane make voidable contracts.C. People with limited competence make void contracts.
  • 32. D. Persons with full competence make enforceable contracts.E. Minors make void contracts.Read more: Which social responsibility theory has been advocated by Novel Prizewinning economistMilton Friedman?A. Stakeholder interest.B. Corporate social audit.C. Moral minimum.D. Maximizing profits.E. Corporate citizenship.Read more: If a minor wishes to be bound to a contract after becoming an adult, she must:A. Give back the goods or services received as a minor.B. Bring an action to verify the contract.C. Ratify the contract.D. Disaffirm the contract.Read more: What exists when budgeted costs exceed actual results?A. A budgeting errorB. A favorable differenceC. An unfavorable differenceD. An excess profit99) Balance sheet accounts are considered to be __________.
  • 33. A. temporary stockholders accountsB. permanent accountsC. capital accountsD. nominal accountsRead more: One of Astro Companys activity cost pools is machine setups, with estimated overheadof $150,000. Astro produces sparklers (400 setups) and lighters (600 setups). How much ofthe machine setup cost pool should be assigned to sparklers?A. $150,000B. $60,000C. $75,000D. $90,000101) The income statement and balance sheet columns of Pine Companys worksheet reflectsthe following totals:Income Statement Balance SheetDr. Cr. Dr. Cr.Totals $58,000 $48,000 $34,000 $44,000The net income (or loss) for the period is __________.A. not determinableB. $48,000 incomeC. $10,000 incomeD. $10,000 loss
  • 34. Grading Summary Grading Summary Grading Summary Grading Summary