Carla sells hot coffee, cider and tea from a sidewalk cart near Wall Street in New York City. Last month she sold $4,500 worth of product to 1,000 customers. She spent $800 on buying her beverages in bulk. Her monthly costs are: Utilities = $100, Salary = $2,000, Advertising = $0, Insurance = $0, Interest = $0, Rent (cart) = $500, Depreciation = $0. What is Carla's monthly cost of goods sold?
A. $800
B. $600
C. $450
D. $100
Answer: A
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The case of VonHoldt v. Barba & Barba Construction, Inc held that:
a. the implied warranty of habitability does not include actions against a builder brought by a subsequent purchaser for latent defects in an addition to a home. b. the plaintiff's complaint should not have been dismissed by the lower court. c. when a builder makes a significant addition to a previously built home, an action for damages resulting from latent defects affecting habitability exists under the doctrine of implied warranty of habitability. d. All of these.
On November 10 of the current year, Flores Mills provides services to a customer for $8,000 with credit terms 2/10, n/30. The customer made the correct payment on December 5. How would Flores record the collection of cash on December 5?A.Cash7,840 Accounts Receivable 7,840B.Cash7,840 Sales Discounts160 Accounts Receivable 8,000C.Cash7,840 Sales Revenue160 Accounts Receivable 8,000D.Cash8,000 Accounts Receivable 8,000
A. Option A B. Option B C. Option C D. Option D
A firm is experiencing an increase in variable costs. What can the firm do to maintain its
profitability? A) Lower its price to gain a greater market share. B) Raise its price to increase its contribution margin. C) Decrease its fixed costs to break even sooner. D) Increase its fixed costs to balance out its increased variable costs.
True or False A portfolio manager was analyzing the price-earnings ratio for this year's performance. His boss said that the average price-earnings ratio was 20 for the many stocks, which his firm had traded, but he felt that figure was too high. The portfolio manager randomly selected a sample of 50 P/E ratios and found a mean of 18.17 and standard deviation of 4.60 . Assume that the population
is normally distributed and test at the 0.01 level of significance. The correct hypotheses are: H0: ? ? 20, H1: ? < 20. Indicate whether the statement is true or false