Calculate the percentage cost of goods sold by a business if the cost advantage index of the business is 150 and the average percentage cost of goods sold by its top three competitors are 40%, 50%, and 30%, respectively
A) 150
B) 40
C) 60
D) 126
E) 70
C
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The ethical theory of intuitionism proposes that:
a. a rational person possesses inherent powers to assess the correctness of actions. b. market outcomes should be the basis for distributing goods. c. the "veil of ignorance" should be developed to consider the needs and rights of all members of the society. d. the power of a group, not an individual, to assess the rightness or wrongness of decisions, is as basic to human beings as the instinct for survival.
The balance sheet of the Emery Company is presented below:
Emery Company Balance Sheet March 31, 2010 (Millions of Dollars) Current assets $18 Accounts payable $9 Fixed assets 38 Notes payable 0 Total $56 Long-term debt 15 Common equity 32 Total $56 For the year ending March 31, 2010, Jackson had sales of $58 million. The common stockholders receive all net earnings of the firm in the form of cash dividends, leaving no funds from earnings available to the firm for expansion (assume that depreciation expense is just equal to the cost of replacing worn-out assets). Construct a pro forma balance sheet for March 31, 2011 for an expected level of sales of $75.4 million. Assume current assets and accounts payable vary as a percent of sales, and fixed assets remain at the present level. Use notes payable as discretionary financing.
Porter Corporation makes and sells a single product called a Yute. The company is in the process of preparing its Selling and Administrative Expense Budget for the last quarter of the year. The following budget data are available: Variable CostPer Yute SoldMonthly FixedCostSales commissions$5.90 Shipping$5.30 Advertising$8.90$32,000 Executive salaries $178,000 Depreciation on office equipment $7,000 Other$0.60$20,000 All of these expenses (except depreciation) are paid in cash in the month they are incurred.If the total budgeted selling and administrative expense for October is $518,520, then how many Yutes does the company plan to sell in October? (Round your intermediate calculations to 2 decimal places.)
A. 13,300 units B. 14,100 units C. 13,600 units D. 13,800 units
The essential characteristic of current assets is their
A. liquidity. B. tangibility. C. commonality. D. cost. E. value.