Video games offer marketers a popular medium to reach older consumers as they relax and enjoy free time
Indicate whether the statement is true or false
FALSE
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Tremble Corporation manufactures and sells one product. The following information pertains to the company's first year of operations: Variable costs per unit: Direct materials$99?Fixed costs per year: Direct labor$822,800?Fixed manufacturing overhead$3,678,400?Fixed selling and administrative expenses$3,736,000?The company does not have any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, the company produced 48,400 units and sold 46,700 units. The company's only product is sold for $198 per unit.Assume that the company uses an absorption costing system that assigns $17 of direct labor cost and $76 of fixed manufacturing overhead to each unit that is produced. The unit product cost under this
costing system is: A. $272 per unit B. $116 per unit C. $99 per unit D. $192 per unit
Jon is researching and writing a presentation request by his boss regarding beginning a business casual dress policy at Baltz& Stein Architects. In his research, he finds a suggested dress code from the American Institute of Architects and wants to include information from it in the presentation. How should he include the AIA policy without infringing on the copyright?
a. Use the dress code policy in the presentation and cite its source. b. Use the policy as an audience handout, with a source note, showing it as an example of a good policy. c. Contact the national office of the American Institute of Architects to gain permission to use the policy. d. All of the above are recommended.
Over the course of the year, Mr. Soo won $8,200 and lost $5,900 gambling in the local casino. Mr. Soo does not itemize deductions on his federal tax return. What is the net effect of his gambling on Mr. Soo's taxable income?
A. $2,300 increase in taxable income. B. No effect on taxable income. C. $8,200 increase in taxable income. D. None of the above.
Answer the following statements true (T) or false (F)
1. For high-internal rate of return investments, it is perfectly acceptable to assume that reinvestment will occur at an equally high, if not higher, rate. 2. The modified internal rate of return method assumes that inflows are reinvested at 80% of the internal rate of return. 3. Under capital rationing, a firm will maximize profitability. 4. The net present value profile allows a firm to examine the project's net present value over time without any adjustments. 5. The net present values' weakness is that it does not provide a decision for mutually exclusive investments.