Which of the following bargain retailers generate large sales volume by offering a wide variety of new products at substantial price reductions?
A) Discount houses
B) Catalog showrooms
C) Second-hand stores
D) Factory outlets
E) Direct-response bargain marketing
Answer: A
Explanation: A) Discount houses began by selling large numbers of items at large discounts on a cash-only basis. As these retailers began to establish themselves, they eventually evolved into moving to better locations, improving décor, selling better-quality merchandise, and offering department store services.
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The effect of an imbalance in the BOP is the same for countries on a fixed exchange rate regime as for those on a floating exchange rate regime
Indicate whether the statement is true or false.
Mirabile Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools--Processing, Supervising, and Other. The costs in those activity cost pools appear below: Processing$3,800Supervising$23,800Other$10,400Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data appear below: MHs (Processing)Batches (Supervising)Product M09,700500Product M5300500Total10,0001,000Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins.?Product M0Product M5Sales
(total)$74,100$89,900Direct materials (total)$28,500$31,400Direct labor (total)$27,800$41,700The activity rate for the Supervising activity cost pool under activity-based costing is closest to: A. $23.80 per batch B. $14.00 per batch C. $38.00 per batch D. $7.00 per batch
Supply chain managers are responsible for all of the following EXCEPT:
A. the management of information that flows through the supply chain B. auditing the accounting practices of suppliers to ensure compliance with ABC accounting C. coordinating the relationships between the company and its external partners D. coordinating customer service activities E. coordinating the sourcing and procurement of raw materials
A firm has $50 million in equity and $20 million of debt, it pays dividends of 30% of net income, and has a net income of $10 million. What is the firm's internal growth rate?
A) 9% B) 10% C) 11% D) 12%