Which of the Following Statements About Colonial American Magazines Is

question 102

Multiple Choice

Which of the following statements about colonial American magazines is true?

• A) George Washington, Alexander Hamilton, John Hancock, Paul Revere, and Benjamin Franklin all had work published in these magazines.
• B) Circulation was relatively small and typically limited to politicians, the educated, and merchant classes.
• C) Some magazines helped rally the colonies against British rule.
• D) The very first colonial magazines had difficulty catching on.
• E) Athe options are correct.

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Definitions:

Contribution Margin

The amount of revenue remaining after deducting variable costs, which contributes to covering fixed costs and generating profit.

Absorption Costing

A method of cost accounting that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed overhead - in the cost of a product.

Cost Behavior

The way in which a cost reacts or changes when there is a change in the level of business activity.

Variable Costing Format

An accounting method that only includes variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs.