During its first year of operations, Connor Company paid $50,000 for direct materials and $36,000 in wages for production workers. Lease payments and utilities on the production facilities amounted to $14,000. General, selling, and administrative expenses were $16,000. The company produced 5,000 units and sold 4,000 units for $30.00 a unit. The average cost to produce one unit is which of the following amounts?

A. $18.40
B. $25.00
C. $16.00
D. $20.00


Answer: D

Business

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A) buzz marketing B) experiential marketing C) integrated marketing communication D) word-of-mouth marketing E) database marketing

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What two marketing metrics are used to estimate both customer lifetime value and customer equity?

A. revenue and retention rate B. acquisition cost and customer satisfaction C. revenue and profit D. price and quantity E. retention rate and acquisition cost

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Mick starts a business to market nationally long-distance phone time as Mick's Minutes. Registering his trademark with the U.S. Patent and Trademark Office provides nationwide protection for the mark

A. if the mark is currently in use. B. only if the mark has not yet been used. C. only if the mark will not be used for at least six months. D. only if the mark is currently in national use.

Business

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Indicate whether the statement is true or false

Business