Under the gross-price method, the difference between the original amount due and the cash paid is credited to Purchases Discount
Indicate whether the statement is true or false
T
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Monitoring the competitive environment guides marketers in developing competitive advantages.
Answer the following statement true (T) or false (F)
Both Sam's Club and Costco have positioned themselves as providing a variety of items to shoppers at prices lower than retail stores. These stores have positioned themselves based on
A. price/quality relationship. B. application. C. product knowledge. D. attributes. E. personalized sales support.
Changes in a firm's bond rating affect its ability to:
A. claim deductions in tax liability computation. B. procure raw material in sufficient quantity for manufacturing processes. C. increase the coupon rate on bonds issued to investors. D. borrow long-term capital as well as the cost of such funds. E. exercise a call provision on its bonds.
Johnny's apple shop sells home-made apple pies and freshly squeezed apple juice. Each apple pie requires 2 apples, and 1 apple yields 4 ounces of juice
Customer's use a self-service dispenser to pour apple juice in a container and are charged by the ounce at a rate of $0.50 per ounce. The contribution to profit of the apple pie, factoring in the apples and remaining ingredients are $2 per pie, and the contribution to profit of freshly squeezed apple juice if $0.20 per ounce. In a given day, there must be at least 100 ounces of apple juice produced and at least 10 apple pies. The company has a supply of 60 apples per day. Formulate this problem as a mixed integer program. Apple pies must be produced in whole quantities, but any positive value is positive for juice production.