Persons or organizations that purchase and use a company's products and services are called
A. important customers.
B. external customers.
C. participating customers.
D. internal customers.
Answer: B
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Robert Inc uses the standard costing method. The company's main product is a fine-quality headphones that normally takes 0.5 hour to produce. Normal annual capacity is 5,000 direct labor hours, and budgeted fixed overhead costs for the year were $8,750. During the year, the company produced and sold 5,800 units. Actual fixed overhead costs were $6,000. Using the information provided for Robert
Inc, compute the fixed overhead volume variance. A) $2,750 (F) B) $925 (U) C) $5,800 (U) D) $3,675 (U)
Two VALS segments stand apart; one represents the group with the highest resources and innovation and the other represents the lowest resources and innovation. These two groups are the ________ and the ________.
A. Achievers; Strivers B. Innovators; Survivors C. Thinkers; Believers D. Strivers; Survivors E. Experiencers; Makers
The Lincoln Company sold a $1,000 par value, noncallable bond several years ago that now has 20 years to maturity and a 7.00% annual coupon that is paid semiannually. The bond currently sells for $925 and the company's tax rate is 25%. What is the component cost of debt for use in the WACC calculation?
A. 5.35% B. 5.58% C. 5.81% D. 6.04% E. 6.28%
Harris Company produces a product whose cost is $10. Assuming the company uses a cost-plus pricing system, what selling price would the company set to earn a profit margin of 20% of cost?
A. $12.50 B. $50.00 C. $12.00 D. $2.00