MG Lighting had sales of 500 units at $100 per unit last year. The marketing manager projects a 15 percent decrease in unit volume this year because a 10 percent price increase is needed to pass rising costs through to customers. Returned merchandise will represent 3.2 percent of total sales. What is MG Lighting net dollar sales projection for this year?
A) $26,976
B) $69,344
C) $72,800
D) $45,254
D) $45,254
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Financial Data for four automotive parts manufacturers is given below:
a) Using the financial data given in the above table, create income statements for each firm. Assume a common tax rate of 40% for each company.
b) Determine the break-even points in both units and dollars, and the degrees of operating, financial, and combined leverage for each firm.
c) How many units would each company need to sell in order to achieve EBIT of $15M?
d) Create a Line chart that shows the various leverage measures for each company.
According to the Statute of Frauds, an executory contract that cannot be performed by its own terms within one year of its formation must be in writing
Indicate whether the statement is true or false
Who is an underwriter?
A) a lawyer who represents an insurance company B) an agent who works for only one insurance company C) a broker who works on behalf of many insurance companies D) an insurance company that provides coverage to the insured
According to the leader-exchange model, a high level of teamwork exists within the in-group
Indicate whether the statement is true or false.