Gyrl Skateboards manufactures skateboard decks. Guy Gyrl, the CEO, is forecasting cash flows for the next few months. Forecasted sales are shown on the top row of the table. Gyrl's cost of goods sold is 81.2% of sales
Gyrl buys its raw materials one month prior to the sale of the finished product. It pays for half of its raw materials in the same month as the purchase and half in the following month. What are Gyrl's purchases in January?
Gyrl Skateboards Inc
Sales and Purchase Forecast ($000s)
November December January February
Sales Forecast $2,700 $2,950 $2,545 $2,795
Purchases from Suppliers
Payments to Suppliers
Payments one month after
A) $2,067,000
B) $2,150,000
C) $2,225,000
D) $2,270,000
E) $2,395,000
D
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A frequency program provides incentives that are designed to encourage customers to make repeat purchases
Indicate whether the statement is true or false
The idea that individuals and organizations are accountable to a larger society is known as
A. social responsibility. B. the societal marketing concept. C. sustainable development. D. consumerism. E. capitalism.
When faced with a situation that suggests two clear alternative ways forward, we often consider only those two clear paths, missing the fact that other alternatives might be possible. Considering limited alternatives is a stumbling block to responsible action that can be categorized as a(n) ________.
A. individuality barrier B. cognitive barrier C. personality barrier D. perceptual barrier
The flow of goods through a production process cannot be at a faster rate than the slowest bottleneck is the definition for
a. mass customization. b. business process reengineering. c. the theory of constraints. d. the Pareto principle.