Bell Brothers has $3,000,000 in sales. Its fixed costs are estimated to be $100,000, and its variable costs are equal to fifty cents for every dollar of sales. The company has $1,000,000 in debt outstanding at a before-tax cost of 10 percent. If Bell Brothers' sales were to increase by 20 percent, how much of a percentage increase would you expect in the company's net income?
A) 15.66%
B) 18.33%
C) 19.24%
D) 21.50%
E) 23.08%
E
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On May 1, 2002, Marek received a telegram from Sergei offering to support him in his new construction project. On May 5, 2002, at 9:00 a.m., Sergei sends Marek a telegram attempting to revoke the offer. At 11:00 a.m. on the same day, Marek mails Sergei a letter attempting to accept the offer. At 11:30 a.m., Marek receives Sergei's revocation. Assume Marek and Sergei are both construction contractors and the custom in the construction business is to offer by telegram and accept by mail. Which of the following statements holds true in this situation?
A. Marek's acceptance would be effective only when Sergei reads the acceptance, which would then create the contract. B. The parties would have a contract because Marek used the means of communication impliedly authorized by trade usage. C. Sergei's revocation can make changes to the contract, though it reaches Marek after he sends the acceptance mail. D. The parties would not have a contract as Marek used a nonauthorized means of communicating his acceptance.
During her second winter at Seagull Terrace, Carol identified several business travelers who were repeat customers and who were enthusiastic about the value offered by the resort
Carol offered a special discount and reward program for those travelers who made recommendations to friends and colleagues that would lead to new customers for Seagull Terrace. Carol was interested in creating ________. A) customer satisfaction B) customer retention C) product champions D) switchable customers E) customer differentiation
______ is a feeling of well-being and acceptance of your own place in the organization.
A. Productivity B. Enthusiasm C. Job growth D. Job satisfaction
Which of the following accounts is not classified as a cost of goods sold account?
a. Purchases b. Merchandise Inventory c. Purchases Discounts d. Freight-In e. Purchases Returns and Allowances