The national government can regulate almost every commercial enterprise in the United States
Indicate whether the statement is true or false
True
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JJ's Hair Salon pays overhead each month, including bills for rent, heat, interest, and salaries. These payments are examples of ________ costs
A) total B) average C) activity-based D) variable E) fixed
To ensure that a contractor ships parts and supplies of high quality to the primary firm, the primary firm may ______.
A. position quality assessment personnel at the suppliers’ work sites to monitor the quality of supplies that will be distributed to the primary firm B. contract for supplies only with friends and associates of the primary firm’s management C. send the same purchase orders to multiple suppliers D. check each unit and each item received from the supplier
Price fixing is a rule of reason violation of Section 1 of the Sherman Act
Indicate whether the statement is true or false
Magnolia Company is considering the production and sale of a new product with the following sales and cost data: unit sales price, $350; unit variable costs, $180; total fixed costs, $399,500; and projected sales, $910,000. Round your answers to the nearest whole unit or dollar.(a) Calculate break-even in units.(b) Calculate break-even in dollars (use four decimal places when calculating the contribution margin ratio).(c) Calculate number of units that would need to be sold to generate an after-tax profit of $420,000 assuming a 30% tax rate.(d) Calculate dollar sales that would be needed to generate the same profit as above.(e) Calculate the margin of safety stated as a percentage using the $910,000 projected sales level.Be sure to label each calculation and show all calculations.
What will be an ideal response?