ABC Term Life Insurance Company uses an interesting marketing system—it has no agents. Instead, the company markets its coverages through television and radio ads, newspaper inserts, and the Internet
The type of marketing system that ABC Term Life Insurance Company uses is called the
A) mass merchandising system.
B) mixed marketing system.
C) direct response system.
D) worksite marketing system.
Answer: C
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How is treasury stock shown on the balance sheet?
a. treasury stock is not shown on the balance sheet b. an increase in stockholders' equity c. a decrease in stockholders' equity d. an asset
On April 30, Gomez Services had an Accounts Receivable balance of $25,700. During the month of May, total credits to Accounts Receivable were $60,400 from customer payments. The May 31 Accounts Receivable balance was $20,000. What was the amount of credit sales during May?
A. $66,100. B. $37,600. C. $54,700. D. $5700. E. $60,400.
Cunningham, a branch manager, is allowed a bonus of 10% of income after bonus and tax. If the tax rate is 30% and income before bonus and tax is $200,000, what is Mr. Cunningham's bonus?
A. $13,084 B. $14,000 C. $14,433 D. $20,000
A firm sells two different products, A and B. For each unit of B sold, the firm sells two units of A. Total fixed costs $1,260,000. Additional selling prices and cost information for both products follow:ProductSellingPrice per unitVariableCosts per unitA…….$72$40B……. 48 28Required:(a) Calculate the contribution margin per composite unit.(b) Calculate the break-even point in units of each individual product.(c) If pretax income before taxes of $294,000 is desired, how many units of A and B must be sold?
What will be an ideal response?