Question : 91. Which of the following statements most likely true if Red : 1295601

Economics

91. Which of the following statements is most likely true if Red Inc. has an operating leverage of 2.0 while Blue Corp. has an operating leverage of 1.4?
A. Red Inc. is selling its products for a higher sales price than Blue Corp.
B. Red Inc.’s net income will be less sensitive to a change in sale volume than Blue Corp.
C. Blue Corp.’s fixed costs in relation to variable costs is lower than Red Inc.’s.
D. Blue Corp. has a lower contribution margin per unit than Red Inc.

92. A company with a high level of operating leverage will:
A. experience fewer fluctuations in income as sales fluctuate than a company with a low level of operating leverage.
B. experience wider fluctuations in income as sales fluctuate than a company with a low level of operating leverage.
C. earn higher profits than a company with a low level of operating leverage.
D. earn lower profits than a company with a low level of operating leverage.

93. Under variable costing, which of the following is not considered a product cost?
A. Direct materials
B. Direct labor
C. Fixed manufacturing overhead
D. Variable manufacturing overhead

94. Under absorption costing, which of the following is not considered a product cost?
A. Direct labor
B. Fixed manufacturing overhead
C. Variable manufacturing overhead
D. Administrative costs

95. The primary difference between variable and absorption costing is the treatment of:
A. fixed selling and administrative costs.
B. variable selling and administrative costs.
C. fixed manufacturing overhead.
D. variable manufacturing overhead.

96. Which of the following statements is false regarding absorption costing?
A. Variable overhead is treated as a product cost.
B. Absorption costing is required for external financial statements prepared in accordance with generally accepted accounting principles (GAAP).
C. Fixed overhead is treated as a product cost.
D. Fixed overhead is expensed in the period incurred.

97. Which of the following statements is false regarding variable costing?
A. Variable overhead is treated as a product cost.
B. Variable costing is required for external financial statements prepared in accordance with generally accepted accounting principles (GAAP).
C. Fixed overhead is treated as a period cost.
D. Period costs are expensed as they are incurred.

98. Which of the following descriptions would not be found on an income statement prepared using variable costing?
A. Sales
B. Fixed costs
C. Cost of goods sold
D. Net income

99. Which of the following line descriptions would not be found on an income statement prepared using absorption costing?
A. Sales
B. Contribution margin
C. Cost of goods sold
D. Net income

100. Assuming the number of units sold and produced are the same, which of the following statements is true when comparing net income using absorption and variable costing?
A. Absorption costing will yield a higher net income.
B. Variable costing will yield a higher net income.
C. Net income will be the same under both methods.
D. Variable costing will have higher sales revenue.

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July 1, 2023

61. Which of the following statements regarding intermolecular forces is incorrect?

A)Hydrogen bonding is the strongest of the intermolecular forces.

B)London dispersion forces increase with increasing molecular size.

C)Dipole-dipole forces are present in all atoms and molecules.

D)In order for a pure substance to participate in hydrogen bonding, it must have hydrogen bonded to F, O, or N.

E)Intermolecular forces are much weaker than bonding forces.

62. Which of the following statements regarding intermolecular forces is incorrect?

A)Hydrogen bonding is the strongest of the intermolecular forces for substances of similar molar mass.

B)London dispersion forces are present in all atoms and molecules.

C)Dipole-dipole forces increase with increasing molecular size.

D)Bonding forces are much stronger than intermolecular forces.

E)Hydrogen bonding is the reason for the abnormally high boiling point of water.

63. Which choice correctly lists the intermolecular forces present in CH3NH2?

A)London forces only

B)dipole-dipole forces only

C)London forces, dipole-dipole forces, and hydrogen bonding

D)dipole-dipole forces and hydrogen bonding

E)hydrogen bonding only

64. Which choice correctly lists the intermolecular forces present in CH4?

A)London forces only

B)London forces and dipole-dipole forces

C)London forces, dipole-dipole forces, and hydrogen bonding

D)dipole-dipole forces and hydrogen bonding

E)London forces and hydrogen bonding

65. Which choice correctly lists the intermolecular forces present in CH3Br?

A)London forces only

B)London forces and dipole-dipole forces

C)London forces, dipole-dipole forces, and hydrogen bonding

D)dipole-dipole forces and hydrogen bonding

E)London forces and hydrogen bonding

66. Arrange the following substances in order of increasing boiling point: CH3OH, CH4, CH3CH2OH, HOCH2CH2OH

A)CH3OH < CH4 < CH3CH2OH < HOCH2CH2OH B)CH4 < CH3OH < CH3CH2OH < HOCH2CH2OH C)CH4 < CH3OH < HOCH2CH2OH < CH3CH2OH D)CH3OH < CH4 < HOCH2CH2OH < CH3CH2OH E)HOCH2CH2OH < CH3CH2OH < CH3OH < CH4 67. Arrange the following substances in order of increasing boiling point: N2, H2, NH3, PH3 A)H2 < N2 < PH3 < NH3D)N2 < PH3 < NH3 < H2 B)N2 < H2 < PH3 < NH3E)NH3 < PH3 < N2 < H2 C)H2 < N2 < NH3 < PH3 68. Select the pair of substances which has the one with the higher equilibrium vapor pressure at a given temperature listed first. A)H2O, H2SD)NH3, PH3 B)CH3CH2OH, CH3OHE)Br2, Cl2 C)CH3COCH3, CH3CH2CH2OH 69. Select the pair of substances which has the one with the higher equilibrium vapor pressure at a given temperature listed first. A)H2O, HClD)AsH3, PH3 B)CH3OH, CH4E)Cl2, Br2 C)CH3CH2CH2OH, CH3COCH3 70. Which of the following statements regarding the liquid state is incorrect? A)Liquids are about 1000 times denser than gases. B)Liquids are normally about 90-95% as dense as their corresponding solid. C)The viscosity of a liquid is a measure of its resistance to flow. D)Molecules with high intermolecular forces will have high surface tension. E)Surface tension increases as temperature increases.