The largest expense for companies selling products usually is related to:
A. advertising.
B. materials, supplies, and/or goods.
C. human capital and resources.
D. insurance.
Answer: B
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Calculate the net income of Blake Auto Supply.
The following information relates to Blake Auto Supply.
A) $22,500
B) $33,500
C) $76,500
D) $240,000
Operating income percentage is determined by the following process:
a. Divide departmental cost of goods sold by departmental net sales. b. Divide departmental net sales by departmental operating income. c. Divide departmental operating income by departmental net sales. d. Divide departmental net sales by departmental net profit. e. Divide departmental contribution margin by net sales.
A sales representative at Oxtren, Inc orally told the purchasing agent at Wety, Inc that its industrial saw is exceptional. Which statement is correct concerning the claim that the saw is exceptional?
a. The claim is an express warranty. b. The claim is an implied warranty of merchantability. c. The claim is not a warranty because it is not in writing. d. The claim is not a warranty because it is sales puffery.
Resale price maintenance prohibitions apply only to minimum prices
Indicate whether the statement is true or false