One major impact of rising energy costs with respect to sourcing is?
Companies are considering moving production closer to the customer market.
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Management philosophy and operating style would have a relatively less significant influence on a firm's control environment when:
A. Accurate management job descriptions delineate specific duties. B. The audit committee does not have regular meetings. C. The internal auditor reports directly to the controller. D. Management is dominated by one individual.
Retained earnings represent the source of net assets generated by the earnings process that exceed the firm's dividend declarations. Common practice refers to the process of curtailing dividends to accumulate assets, represented by retained earnings, as _____
a. operating activities b. investing activities c. external financing d. internal financing e. dividend seizure
Braun Schiffer is a maker of high-quality audio speakers. It is on the verge of launching a new
range of high-powered, yet extremely compact, speakers. The fixed overhead costs for production of these speakers is estimated at $500,000. The costs producing a single unit is $250. The company prices these speakers at $400. The sales forecast projects that 2,000 units will be sold by the end of the first year, 4,500 more in the second year, and 2,500 during the third year after launch. What is the gross profit margin percentage for the first year? A) 50% B) 62.5% C) 25% D) 37.5%
According to the doctrine of strict liability, which of the following parties is strictly liable for injuries caused by a defective product?
A) only the manufacturers of the products B) only the parties directly involved in the sale of the product to the customer C) all parties providing services related to the product D) all parties in the chain of distribution