Your Co-Manager,Tayeb,asks You to Take a Look at His Report

question 22

Multiple Choice

Your co-manager,Tayeb,asks you to take a look at his report on the effects of the migration crisis on your company's operations in Greece.The report is quite optimistic despite some revenue losses in the region,and you suspect that Tayeb is missing information that undermines his view.You should offer the criticism that the report lacks

• A) charts to convey complex numerical information.
• B) a detailed table of contents.
• C) original and innovative ideas.
• D) balance between objectivity and positivity.
• E) a structure that points out its supporting facts and conclusions.

Understand the impact of costing methods on net operating income.

Analyze the total period costs under variable costing.

Analyze the total cost assigned to finished goods inventory under variable costing.

Understand the concept of contribution margin under variable costing.

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Definitions:

Checks

Financial instruments that instruct a bank to pay a specific amount of money from the writer's account to the person or entity in whose name the check has been issued.

Drawer

The party that writes an order, or the person who writes a check.

Payee

The party that receives the benefit of an order (check, etc.).

Drawee

The party that must obey an order. In the context of banking, the drawee is the bank that must pay the funds ordered by a customer’s check.