Researchers studying the effects of a new diet found that the weight loss over a one-month period by those on the diet was normally distributed with a mean of 10 pounds and a standard deviation of 5 pounds. What proportion of the dieters gained weight?
0.0028
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Answer the following statements true (T) or false (F)
1) Fixed costs are relevant to a special pricing decision if they are subject to change as a result of the special order. 2) Assuming there are no other significant considerations, a product line with a negative contribution margin should be dropped. 3) In making product mix decisions, when fixed costs are irrelevant, a company should emphasize the product with the highest contribution margin per unit of the constraint. 4) A constraint is a factor that restricts the production or sale of a product, which varies from company to company. 5) Merchandisers are constrained by the size of their stores, and managers must choose which products to display.
To have an effective demonstration the salesperson should do all of the following EXCEPT:
A. encouraging the prospect to use an important feature. B. letting the prospect do something simple. C. setting the stage for approaching the prospect. D. allowing the prospect to do a repeatable task. E. asking the prospect questions during the demonstration.
What is the difference between an insurance broker and an insurance agent?
A) An insurance agent works exclusively for one company, while an insurance broker works for a number of insurance companies. B) An agent requires a commission payment after a deal is made, while a broker requires a service charge to be paid before the deal is made. C) An agent represents the insured, while a broker represents the company. D) An agent is authorized to sell insurance directly, while a broker can only mediate an insurance contract.
A merchandiser purchased inventory on account for $10,000. Under the periodic inventory system, the journal entry to record the purchase would include ________
A) a debit to Purchases for $10,000 and a credit to Accounts Payable for $10,000 B) a debit to Accounts Payable for $10,000 and a credit to Purchases for $10,000 C) a debit to Merchandise Inventory for $10,000 and a credit to Accounts Payable for $10,000 D) a debit to Accounts Payable for $10,000 and a credit to Merchandise Inventory for $10,000