Self-defense is a defense to negligence
a. True
b. False
Indicate whether the statement is true or false
False
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All of the following statements regarding the gross profit ratio are true except:
a. The gross profit ratio alone is sufficient to determine a company's profitability. b. Managers, investors, and creditors use the gross profit ratio to measure one aspect of profitability. c. The gross profit ratio explains how many cents on every dollar are available to cover expenses other than cost of goods sold and to earn a profit. d. If a company's net sales were $200,000 and cost of goods sold were $120,000, its gross profit ratio would be 40%.
Customer orientation, a component of market orientation, places the customer at the core of all aspects of the enterprise.
Answer the following statement true (T) or false (F)
Liapis Products, Inc., has a Valve Division that manufactures and sells a number of products, including a standard valve that could be used by another division, the Pump Division, in one of its products. Data concerning that valve appear below:?Capacity in units66,000?Selling price to outside customers$66?Variable cost per unit$38?Fixed cost per unit (based on capacity)$22The Pump Division is currently purchasing 12,000 of these valves per year from an overseas supplier at a cost of $62 per valve.Required:a. Assume that the Valve Division has enough idle capacity to handle all of the Pump Division's needs. What is the acceptable range, if any, for the transfer price between the two divisions?b. Assume that the Valve Division is selling all of the valves it can produce to outside
customers. What is the acceptable range, if any, for the transfer price between the two divisions?c. Assume again that the Valve Division is selling all of the valves it can produce to outside customers. Also assume that $7 in variable expenses can be avoided on transfers within the company due to reduced shipping and selling costs. What is the acceptable range, if any, for the transfer price between the two divisions? What will be an ideal response?
International law prohibits countries from refusing to allow repatriation of funds earned by foreigners
a. True b. False Indicate whether the statement is true or false