Chesnee is analyzing census data, looking for demographic segments that she can target for her new insurance products. For Chesnee, what are the advantages of using census data?
What will be an ideal response?
Census data (a form of external secondary data) can be quickly accessed at little or no cost.
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Actual costs are currently higher than target full product cost. Assuming that fixed costs cannot be reduced, what are the target total variable costs?
Abbott Company is a price-taker and uses target pricing. The company has just done an analysis of its revenues, costs, and desired profits and has calculated its target full product cost. Assume all products produced are sold. Refer to the following information:
A) $280,000
B) $304,000
C) $230,000
D) $510,000
Besides asking someone to serve as a reference for you, request each recommender to write a ____.
A. general letter of reference B. specific letter of reference C. list of your qualifications D. list of their qualifications
Millie is risk manager of JKL Company. She is considering an investment in a loss control project
The project will cost $40,000. Assuming a 10 percent discount rate, the present value of the future net cash flows that this project will generate is $60,000. What is the net present value (NPV) of this project? A) $20,000 B) $26,000 C) $60,000 D) $100,000
Cheyenne Enterprises manufactures Nuts and Bolts from a joint process (cost = $80,000). Five thousand pounds of Nuts can be sold at split-off for $20 per pound; ten thousand pounds of Bolts can be sold at split-off for $15 per pound. For product costing purposes Cheyenne allocates joint costs using the relative sales value method.The amount of joint cost allocated to Nuts would be:
A. $60,000. B. $48,000. C. $32,000. D. $80,000. E. $40,000.