Data that describe a characteristic about a population is known as a ________
A) sample
B) survey
C) statistic
D) parameter
D
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An offering today is considered to be the ________ in the marketing mix.
A. place B. promotion C. product D. price E. policy
[The following information applies to the questions displayed below.]Assume that a pet food manufacturer is considering adding two types of pet food to its existing product line. Research had determined that good demand exists for dog food in 40-pound bags and cat food in 0.5 pound cans.The company identified the following partial list of activities, costs, and activity drivers expected for the next year: ActivityExpected CostsCost DriverMaterial handling$105,000 Number of batches madeStorage costs$820,000 Weight of finished product Dog FoodCat FoodProduction volume 100,000units 200,000unitsBatches made 200batches 150batchesHow much overhead cost will be assigned to each unit of product using activity-based costing (ABC)?
A. Dog food: $2.64; cat food: $2.64. B. Dog food: $0.12; cat food: $3.85. C. Dog food: $0.26; cat food: $8.60. D. Dog food: $4.62; cat food: $4.62. E. Dog food: $8.60; cat food: $0.33.
Vincent Company purchased merchandise from Liu Company with an invoice price of $300,000 and credit terms of 2/10, n/30. Liu Company's cost for the merchandise was $200,000. Vincent Company paid within the discount period. Assume that both buyer and seller use a perpetual inventory system and the gross method of recording invoices.1. Prepare entries that Vincent should record for (a) the purchase and (b) the cash payment.2. Prepare entries that Liu should record for (a) the sale and (b) the cash collection.3. Assume that the buyer borrowed enough cash to pay the balance on the last day of the discount period at an annual interest rate of 9% and paid it back on the last day of the credit period. Compute how much the buyer saved by following this strategy. (Assume a 365-day year and round
dollar amounts to the nearest cent.) What will be an ideal response?
The cash flows associated with common stock are more difficult to estimate than those related to bonds because stock has a residual claim against the company versus a contractual obligation for a bond.
Answer the following statement true (T) or false (F)