Unbranded, no-frills goods are classified as _____
a. generics
b. private brands
c. manufacturer brands
d. scrambled merchandising
a
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The following income statements are provided for two companies operating in the same industry: FelixCompanyJinxCompanyRevenue $200,000 $200,000 Variable costs (25,000) (70,000) Contribution margin 175,000 130,000 Fixed costs (70,000) (25,000) Net income $105,000 $105,000 Assuming sales increase by $1,000, select the correct statement from the following:
A. Only Felix will experience an increase in profit. B. Felix's net income will be more than Jinx's. C. Felix's net income will increase by $250. D. Jinx's net income will increase by 6%.
Audits of state and local governments may be performed by all of the following except:
A. Independent CPAs. B. Federal grantor agencies. C. State audit agencies. D. The Office of Management and Budget (OMB).
A contract in which goods and services are combined never falls within the scope of UCC Article 2.
Answer the following statement true (T) or false (F)
Which is not considered an alternate means of dispute resolution?
A) civil lawsuit B) arbitration C) association tribunals D) minitrial