Which of the following statements about Place is FALSE?
A. A series of participants in the flow of goods and services from producer to final customer is called a channel of distribution.
B. There is always one Place arrangement that is "best" for a product.
C. Most consumer products move from producer to intermediaries to final customer.
D. Intermediaries develop to adjust discrepancies in quantity and assortment.
Answer: B
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Luchini Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations:a.The budgeted selling price per unit is $111. Budgeted unit sales for April, May, June, and July are 7,100, 10,100, 13,300, and 14,000 units, respectively. All sales are on credit.b.Regarding credit sales, 40% are collected in the month of the sale and 60% in the following month. c.The ending finished goods inventory equals 10% of the following month's sales. d.The ending raw materials inventory equals 30% of the following month's raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $5.00 per pound. e.Regarding raw materials purchases, 40% are paid for in the month
of purchase and 60% in the following month. f.The direct labor wage rate is $18.00 per hour. Each unit of finished goods requires 2.9 direct labor-hours. g.Variable manufacturing overhead is $7.00 per direct labor-hour. Fixed manufacturing overhead is zero. The budgeted accounts receivable balance at the end of May is closest to: A. $672,660 B. $747,000 C. $1,121,100 D. $448,440
Given the following data, total product cost per unit under absorption costing is $9.14.Direct labor$0.72per unitDirect materials$0.80per unitOverhead Total variable overhead$202,500 Total fixed overhead$140,400 Expected units to be produced 45,000units
Answer the following statement true (T) or false (F)
Assume that a firm has a degree of financial leverage of 1.65. If sales increase by 20%, the firm will experience a 60% increase in EPS, and it will have an EBIT of $100,000. What will be the EBIT for this firm if sales do not increase? Donotroundintermediatecalculations.
A. $86,533 B. $71,867 C. $73,333 D. $90,200 E. $89,467
Federal law establishes the specific procedures for mergers.
Answer the following statement true (T) or false (F)