What ratio indicates the percentage of each sales dollar that is available to cover fixed costs and to provide a profit?
A) Margin of safety ratio
B) Contribution margin ratio
C) Costs and expenses ratio
D) Profit ratio
B
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Skeeter Company produces 100,00 . insect repellent devices each day, and the average number of units in work in process is 150,000 . with an average value of $300,000 . The average annual carrying cost percentage is 30%
a. Determine the throughput time. b. Compute the annual carrying cost. c. If the same daily output can be achieved while reducing the work in process by 40%, determine the new throughput time. d. Compute the annual carrying cost given the information in requirement c.
Using an MIS system to customize reports for performance analysis and decision making falls under which stage of the management process?
A) Planning B) Performing C) Evaluating D) Communicating
Retailing transactions must always involve a retailer
Indicate whether the statement is true or false
Which of the following is a characteristic of a sole proprietorship?
A) Ownership interests are nontransferable. B) Profits are taxed as income to the organization and again as income to owners. C) The lifetime of the organization is unlimited. D) Liability of the owners is limited to loss of capital contribution.