Why is it important for marketers to understand cultural swings?
What will be an ideal response?
Marketers want to predict cultural shifts to spot new opportunities or threats. The major cultural values of a society are expressed in people's views of themselves and others, as well as in their views of organizations, society, nature, and the universe.
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When the majority of authority is maintained by top management personnel, the organization is said to be
a. centralized. b. decentralized. c. composed of cost centers. d. engaged in transfer pricing activities.
The following information is available for the Starr Corporation: Sales$750,000Cost of goods sold450,000Gross profit300,000Operating income85,000Net income42,000Inventory, beginning-year71,200Inventory, end-of-year48,800Calculate the company's inventory turnover and its days' sales in inventory.
What will be an ideal response?
As the ____ of the apartment, Megan pays her rent on the first day of each month
A) lessee B) lessor
Waterfall Manufacturing produces a chemical pesticide and uses process costing
There are three processing departments-Mixing, Refining, and Packaging. On January 1, the first department-Mixing-had a zero beginning balance. During January, 44,000 gallons of chemicals were started into production. During the month, 35,000 gallons were completed, and 9,000 remained in process, partially completed. In the Mixing Department, all direct materials are added at the beginning of the production process, and conversion costs are applied evenly through the process. During January, the Mixing Department incurred $52,000 in direct materials costs and $211,000 in conversion costs. At the end of the month, the ending inventory in the Mixing Department was 60% complete with respect to conversion costs. The weighted-average method is used. The total cost of product in ending inventory was ________. (Round any intermediate calculations two decimal places, and your final answer to the nearest dollar.) A) $211,000 B) $52,000 C) $38,808 D) $263,000