Purchase allowances refer to merchandise a buyer acquires but then returns to the seller.
Answer the following statement true (T) or false (F)
False
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Explain the four major segmentation variables for consumer markets
What will be an ideal response?
Which of the following is NOT correct regarding a change in reporting entity?
a. Financial statements of the year in which the change in reporting entity is made should disclose the nature of the change and the reason for the change. b. The effect of the change on income before extraordinary items, net income, and earnings per share amounts should be reported for all periods presented. c. Financial statements presented for all prior periods must be restated. d. The effect of the change on income before extraordinary items, net income, and earnings per share amounts should be reported for all periods presented and must be repeated in all periods subsequent to the period of the change.
Cassa Company is a price-taker and uses target pricing
Refer to the following information: Production volume 601,000 units per year Market price $32 per unit Desired operating income 16% of total assets Total assets $13,900,000 Variable cost per unit $20 per unit Fixed cost per year $5,400,000 per year With the current cost structure, Cassa cannot achieve its profit goals. It will have to reduce either the fixed costs or the variable costs. Assuming that fixed costs cannot be reduced, what are the target variable costs per year? Assume all units produced are sold. A) $11,608,000 B) $12,020,000 C) $5,400,000 D) $17,008,000
Mary Jane applied for one of two openings for an executive secretary position at QRP, Inc. The job posting showed a starting salary range of $70,000 to $80,000 depending on skills, education, and experience. The job called for a minimum of five years of experience, a bachelor's degree in business, accounting, or communications, the ability to use a wide variety of office equipment, and the ability to use the entire Microsoft Office Suite. She was employed in this exact same job for a different company for seven years, she had an MBA, and taught the entire Microsoft Office Suite at a college in addition to using it on the job. She used Publisher to create the company newsletter. Austin applied for the same job as Mary Jane. He had a bachelor's degree in accounting, five years of experience
as an administrative assistant, used the entire Microsoft Office Suite on the job but never taught it and did not create a company newsletter. The company hired Mary Jane at $72,000 per year and Austin at $77,000. Mary Jane was outraged when she discovered the discrepancy in their pay. Which of the following theories addresses the reasons for Mary Jane's reaction? A. Theory Z B. Theory X C. Reinforcement theory D. Equity theory