Which group determines a product's position relative to competing products?
A) manufacturers
B) wholesalers
C) retailers
D) consumers
E) suppliers
D
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The intentional loading of sales at the end of a period to customers that do not need the goods at that time should not be recorded as revenues
a. True b. False Indicate whether the statement is true or false
Olly Company is a merchandising business that sells dog food. Based on the following information, what is the gross margin for Olly Company? Sales Revenue$500,000 Cash 100,000 Accounts Receivable 50,000 Inventory 25,000 Cost of goods sold 300,000 Operating expenses 40,000
A. $135,000 B. $200,000 C. $285,000 D. $160,000
After a dinner at Rosario's Italian Eatery, Stephanie believes that she was overcharged and shoves Thom, the waiter. Thom sues Stephanie, alleging that the shove was a battery. Stephanie is liable A) if Rosario's did not actually overcharge Stephanie
B) if the shove was offensive. C) if Stephanie acted out of malice. D) under no circumstances-there was no physical injury.
Houston Pumps recently reported $222,500 of sales, $140,500 of operating costs other than depreciation, and $9,250 of depreciation. The company had $35,250 of outstanding bonds that carry a 6.75% interest rate, and its federal-plus-state income tax rate was 35%. In order to sustain its operations and thus generate future sales and cash flows, the firm was required to spend $15,250 to buy new fixed assets and to invest $6,850 in net operating working capital. What was the firm's free cash flow?
A. $34,438 B. $39,948 C. $26,517 D. $27,894 E. $33,060