QUESTION 1 - What function does "feedback" play in the work of the manager and how does accounting help the managers in this regard? Explain using examples to support your discussion.
QUESTION 2 - Is it possible for costs such as salaries or depreciation to end up as assets on the balance sheet? Explain using examples to support your statements.
QUESTION 3 - XYZ Company has high fixed expenses and is presently operating somewhat above the break-even point. From this point on, will percentage increases in net income tend to be greater than, about equal to, or less than percentage increase in total sales? Why? Explain.