Nurix, Inc. is a business consulting firm. During the month of February, Nurix earned $55,600 of revenues by providing services to 47 clients. Operating costs for February were $8500 and non-operating costs were $6000. What is the unit cost per service? (Round your answer to the nearest cent.)
A) $127.66
B) $180.85
C) $1182.98
D) $308.51
B) $180.85
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Burrows Inc had an outstanding loan at the beginning of 2011 totaling $50,000. During 2011, $16,800 was paid out related to this loan broken down as follows: $15,000 towards principal and $1,800 in interest. Which of the following statements is correct regarding how the $16,800 payment should be depicted on the statement of cash flows?
A) The entire $16,800 should be shown as a cash outflow for financing activities. B) The entire $16,800 should be shown as a cash outflow for investing activities. C) The $15,000 principal portion should be shown as a cash outflow for financing activities, and the $1,800 in interest should be shown as a cash outflow for operating activities. D) The $15,000 principal portion should be shown as a cash outflow for investing activities, and the $1,800 in interest should be shown as a cash outflow for operating activities.
The ________ the coefficient of variation, the ________ the risk
A) lower; lower B) higher; lower C) lower; higher D) more stable; higher
When a loan is amortized, a relatively low percentage of the payment goes to reduce the outstanding principal in the early years, and the principal repayment's percentage increases in the loan's later years.
Answer the following statement true (T) or false (F)
Personal selling is the most appropriate sales method when
A. features and performance of the products are relatively simple. B. the margin of sales is low. C. the channel system is relatively long. D. final price is negotiated between buyer and seller. E. advertising media provide an effective link with market targets.