The following income statements are provided for Rocky Company's last two years of operation: Year 1 Year 2 Number of units produced and sold 4,000 3,000 Sales revenue $ 59,600 $ 44,700 Cost of goods sold 22,200 18,200 Gross margin 37,400 26,500 General, selling, and administrative expenses 10,600 8,800 Net income $ 26,800 $ 17,700 Assuming that cost behavior did not change over the two-year period, what is the annual amount of the company's fixed manufacturing overhead?

Jing-sheng facilitated a hiring committee for his advertising company. six employees (including two managers) met together to discuss applicants and select the finalists for a copywriter position in the public relations department. although the head of public relations would have the final nod on the candidate that would ultimately be hired, the evaluative work of the committee was very important because this group would send forward those persons they believed would be good work colleagues. in setting up this type of hiring process, the head of public relations was utilizing a(n) style of leadership.a. autocraticb. free-reinc. contingentd. participative

Use the following account numbers and corresponding account titles to answer the following question. account no. account title (1) cash (2) merchandise inventory (3) cost of goods sold (4) transportation-out (5) dividends (6) common stock (7) selling expense (8) loss on the sale of land (9) sales which accounts would appear on the income statement?

Atrough in the business cycle occurs when