If a company's fixed costs were to increase, the effect on a profit-volume graph would be that the
a. contribution margin line would shift upward parallel to the present line.
b. contribution margin line would shift downward parallel to the present line.
c. slope of the contribution margin line would be more pronounced (steeper).
d. slope of the contribution margin line would be less pronounced (flatter).
B
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Patty, the CEO of an oil drilling company, and her top management team recently discovered that their facilities are damaging an Asian beach and the local wildlife. They understand that they need to decide if temporarily closing or not closing the facility is unethical. To help them make their decision, they consider the following four questions: "Is not temporarily closing the facility legal? If yes, does this proposed action maximize shareholder value? If yes, is not temporarily closing the facility ethical? If no, would it be ethical to take the proposed action?" Patty and her top managers are using ____ to help them make their decision.
A. Bagley's ethical decision tree B. Maslow's hierarchy of needs C. the stakeholder's value statement D. Frank Gilbreth's code of ethical conduct E. the Sarbanes-Oxley Act of 2002
During 2018, Krug Company reported net sales of $1,025,000. During the year net accounts receivable increased $39,750 even though Krug wrote-off $7,150 of receivables as uncollectible; Krug uses the allowance method to account for bad debts. Krug's bad debt expense during 2018 was $20,500. How much cash was collected from customers during 2018?
A. $ 971,900 B. $1,037,100 C. $ 957,600 D. $ 964,750
There is a positive relationship between satisfaction, loyalty, and profitability
Indicate whether the statement is true or false
What are the types of new products that a firm can introduce? What are the problems associated with introducing a truly innovative product? What are the necessary conditions to create a radically innovative product?
What will be an ideal response?