The average cost of a ticket to the 2016 World Series Game 1 was $1200. The average cost in 2017 increased by 1/5. What was the cost in 2017?
A. $1,400
B. $1,000
C. $240
D. $1,440
E. None of these
Answer: D
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Which of the following is a stage in the product life cycle (PLC)?
A) design B) development C) growth D) maintenance
Turner Company reported assets of $20,000 (including cash of $9,000), liabilities of $8,000, common stock of $7,000, and retained earnings of $5,000. Based on this information, what can be concluded?
A. 40% of Turner's assets are the result of borrowing from creditors. B. 25% of Turner's assets are from prior earnings, $5,000 is the maximum possible dividend, and 40% of assets are the result of borrowed resources. C. $5,000 is the maximum dividend that can be paid to shareholders. D. 25% of Turner's assets are the result of prior earnings.
A cement manufacturer has supplied the following data: Tons of cement produced and sold 680,000Sales revenue$2,788,000Variable manufacturing expense$1,156,000Fixed manufacturing expense$760,000Variable selling and administrative expense$272,000Fixed selling and administrative expense$294,000Net operating income$306,000 If the company increases its unit sales volume by 4% without increasing its fixed expenses, then total net operating income should be closest to:
A. $12,240 B. $318,240 C. $311,973 D. $360,400
The high ratio of advertising to editorial content in most magazines causes magazines to experience the problem of
A. limited frequency. B. lower selectivity. C. low reproduction quality. D. longer lead times. E. clutter.