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Why is simple interest useful for planning parts of your financial future?
a) Simple interest can endure unforeseen economic changes by fluctuating.
b) Simple interest generates more money than any other source of income.
c) Simple interest grows more quickly if you invest in it longer.
d) Simple interest is very regular and can be calculated in advance.
which of the following statements is true regarding absorption costing?
A. It is not the traditional costing approach.
B. It is not permitted to be used for financial reporting.
C. It is not permitted to be used for tax reporting.
D. It assigns all manufacturing costs to products.
E. It requires only variable costs to be treated as product costs.
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