An escalator clause ensures that the customer does not incur financial hardship as a result of increases to the cost of a product.
Answer the following statement true (T) or false (F)
False
An escalator clause ensures that providers of goods and services do not encounter unreasonable financial hardship as a result of uncontrollable increases in the costs of or decreases in the availability of something required to deliver products to customers.
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When marketing to children, a company is using generations as the segmentation variable
Indicate whether the statement is true or false
The manager of a department store wants to determine the proportion of people who use the store's credit cards for their purchases. What sample size should he take so that, at 95% confidence, the error will not be more than 6%?
What will be an ideal response?
Dattilio Corporation manufactures and sells one product. The following information pertains to the company's first year of operations: Variable cost per unit: Direct materials$80Fixed costs per year: Direct labor$1,404,000Fixed manufacturing overhead$3,402,000Fixed selling and administrative expenses$1,617,000 The company does not have any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, the company produced 54,000 units and sold 49,000 units. The company's only product is sold for $238 per unit.Required:a. Assume the company uses super-variable costing. Compute the unit product cost for the year.b. Assume the company uses super-variable costing. Prepare an income statement for the year.
What will be an ideal response?
Explain how the time value of money concept is used in stock valuation
What will be an ideal response?