The new Corina watch has an expected selling price per watch of $42, the projected variable cost per unit is $24, and estimated fixed costs per month are $31,680. The breakeven point in sales dollars is
a. $63,360.
b. $42,240.
c. $73,920.
d. $52,800.
C
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Peter, Roberts, and Dana have the following capital balances; $80,000, $100,000 and $60,000, respectively. The partners share profits and losses 20%, 40%, and 40% respectively. What is the total partnership capital after Roberts retires receiving $160,000 and using the goodwill method?
A. $290,000. B. $230,000. C. $120,000. D. $176,000. E. $ 80,000.
Which of the following multinational corporations (MNCs) places local nationals in key positions and allows these managers to appoint and develop their own people?
A. Regiocentric multinational corporations (MNCs) B. Globalcentric multinational corporations (MNCs) C. Ethnocentric multinational corporations (MNCs) D. Polycentric multinational corporations (MNCs)
Arnold is the chief executive officer of Beta Corporation. Arnold's responsibilities include decisions on product development, marketing, and other significant business directions. Arnold is subject to the approval and oversight of Beta's board of directors. Carol is a Beta manager whose duties include the firm's day-to-day hiring, firing, purchasing, and selling. Dave is a Beta salesperson, whose daily activities are controlled by Carol. Erin writes technical manuals for Beta products according to Arnold's instructions and subject to Beta's control, but has no dealings with Beta customers or suppliers. Fred edits the manuals on a contract-per-manual basis and is not otherwise subject to Beta's control. Who is a principal? Who is an agent? Who is an employee? Who is an independent
contractor? What will be an ideal response?
Sales above the breakeven point will generate a profit.
Answer the following statement true (T) or false (F)