EBK EXCELLENCE IN BUSINESS COMMUNICATIO
EBK EXCELLENCE IN BUSINESS COMMUNICATIO
11th Edition
ISBN: 9780133544350
Author: BOVEE
Publisher: YUZU
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Chapter 10, Problem 3LOC
Summary Introduction

To determine:

The option that is not a good way to establish credibility with your audience.

Introduction:

Establishing credibility with your audience means that you show your audience that you know about the topic that you are speaking about.

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Mona reported $70,000 in net profit for the year using absorption costing. The company had no units in beginning inventory, planned and actual production was 21,500 units and sales were 19,000 units during the year. Variable manufacturing costs were $20 per unit and total budgeted fixed manufacturing overhead was $100,000. There was no underapplied or overapplied overhead reported during the year. Determine the net profit under variable costing.
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On September 1, 2024, Baxter Inc. reported Retained Earnings of $432,000. During the month, Baxter generated revenues of $70,000, incurred expenses of $35,000, purchased equipment for $15,000, and paid dividends of $8,500. What is the balance in Retained Earnings on September 30, 2024?
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