For the Following Amicable Pair, Determine Whether Neither, One, or Both

question 142

Multiple Choice

For the following amicable pair, determine whether neither, one, or both of the members are happy, and whether the pair is a happy amicable pair.
-79,750 and 88,730

• A)both; happy
• B)neither; not happy
• C)one; not happy
• D)one; happy

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Definitions:

Sales

The revenue earned from selling goods or services to customers.

Selling and Administrative Expense Budget

An estimation of the costs related to sales and administrative activities for a specific period, used for planning and control.

Direct Materials

Raw materials that can be directly associated with the production of specific goods or services.

Direct Labor

The wages and benefits paid for labor that is directly involved in the production of goods or the provision of services.