Tigor Enterprises has sales revenue of $340,000 for 20xx. Its product sells for $12 and has a 20 percent contribution margin. Fixed costs are $32,000 . What is Tigor Enterprises' operating income for 20xx?
a. $45,000
b. $29,000
c. $41,000
d. $36,000
D
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Which of the following is true with respect to negotiations in foreign cultures?
A) Different cultural expectations can cause miscommunication. B) It is sometimes advisable to become antagonistic during negotiations. C) Business rituals are largely the same across cultures. D) German buyers are unlikely to look you in the eye. E) In China, negotiations are less straightforward than in Japan.
If a loan is to be repaid in equal periodic amounts (monthly, quarterly, or annually), it is said to be an amortized loan.
Answer the following statement true (T) or false (F)
Jordan is a surety for Kelly's loan from Lenders Credit Corporation. When the loan comes due, Kelly tries to pay Lenders Credit, but the creditor rejects the payment. Jordan is
a. released from any obligation on the debt. b. required to pay the amount of the debt to Lenders Credit. c. required to pay up to half of the amount of the debt to Lenders Credit. d. required to pay the amount of the debt to Kelly.
Break-even analysis is the process of determining ________ before we begin earning a profit
A) what price will be charged for a product, or how much net profit will be made B) how much net profit will be made, or how many units will be produced C) how much revenue must be obtained, or how much net profit will be made D) how many units must be produced, or how much revenue must be obtained E) what price we will charged for a product, or how many units must be produced