Moonwalker's CVP income statement included sales of 4,000 units, a selling price of $100, variable expenses of $60 per unit, and fixed expenses of $88,000. Net income is
a. $400,000.
b. $160,000.
c. $152,000.
d. $72,000.
d. $72,000.
Business
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A. operations B. customer service C. inbound logistics D. technology development
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The statute of frauds applies only to
a. executed contracts. b. executory contracts. c. informal contracts. d. formal contracts.
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In sales law, a warranty is an assurance by one party of the existence of a fact on which the other party can rely.
Answer the following statement true (T) or false (F)
Business
Quackity Quack Company's ad states that its product is "the best on the market today." Because of this ad, the Federal Trade Commission is most likely to
A. do nothing. B. draft a formal complaint. C. issue a cease-and-desist order. D. require counteradvertising.
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