If a cost complement is 0.8, that means _____
a. the firm has a gross margin of 80 percent
b. 80 cents of each retail sales dollar covers the merchandise cost
c. stock shortages are 20 percent of sales
d. the firm is profitable
b
You might also like to view...
Companies should continuously collect marketing intelligence data
Indicate whether the statement is true or false
The following materials standards have been established for a particular product: Standard quantity per unit of output 6.0?metersStandard price$19.00?per meterThe following data pertain to operations concerning the product for the last month: Actual materials purchased 10,200?metersActual cost of materials purchased$201,500? Actual materials used in production 9600?metersActual output 1580?units?What is the materials price variance for the month?
A. $2371 U B. $16,320 U C. $10,800 U D. $7700 U
______ refers to the number of service stops that each customer must make in sequential servers to complete the required service.
a. Number of phases b. Number of channels c. Number of queues d. Number of service systems
The evidence needed to satisfy the statute of frauds may be an informal memorandum
Indicate whether the statement is true or false