As the owner of a small business with 60 employees that makes custom floor mats, Paul makes all of the buying decisions. Paul is most likely the user.
Answer the following statement true (T) or false (F)
False
Paul is the influencer, decider, buyer, and gatekeeper, but probably not the user. The user is the person who consumes or uses the product or service.
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Marcy has received a special order for 2,000 units of its product at a special price of $60. The product normally sells for $80 and has the following manufacturing costs: Per unitDirect materials $24Direct labor 16Variable manufacturing overhead 12Fixed manufacturing overhead 20Unit cost $72Assume that Marcy has sufficient capacity to fill the order without harming normal production and sales and all fixed overhead is unavoidable. a. If Marcy accepts the order, what effect will the order have on the company's short-term profit?b. What minimum price should Marcy charge to achieve a $20,000 incremental profit?c. Now assume Marcy is currently operating at full capacity and cannot fill the order without harming normal production and sales. If Marcy accepts the order, what
effect will the order have on the company's short-term profit? What will be an ideal response?
All of the following are assumptions about C-V-P analysis except:
a. Inventory levels will have significant fluctuations during the analysis period b. Mixed costs can be separated into fixed and variable. c. Sales and production are equal during the period. d. The total contribution margin will be linear within the relevant range.
The main US antitrust statutes are the Sherman Act and the Clayton Act
Indicate whether the statement is true or false
The co-insurance provision on homeowners' policies
A) is meant to eliminate homeowners claims for small losses. B) means that the homeowner will receive less than 100% reimbursement on all losses. C) implies that more than one insurance company may be responsible for the losses. D) provides an incentive for homeowners to insure their homes for 100% of replacement cost.