In the context of nonstore retailers, vending machines are a key element of multilevel marketing.
Answer the following statement true (T) or false (F)
False
Multilevel marketing involves hiring independent contractors to sell products to their personal network of friends and colleagues and to recruit new salespeople in return for a percentage of their commissions. See 13-3: Retailers: The Consumer Connection
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When using the analog approach, the retailer finds a site and then describes the desired trade area characteristics.
Answer the following statement true (T) or false (F)
If a U.S. company sells goods for a fixed number of British pounds, and the exchange rate has risen from $1.60 per pound to $1.65 per pound by the time collection is made, the U.S. company would record an exchange loss
Indicate whether the statement is true or false
The basic exponential smoothing formula is:
A) Ft = Ft+1 + ?(At - Ft ) B) Ft+1 = Ft-1 + ?(At - Ft ) C) Ft+1 = Ft-1 + ?(At - Ft ) D) Ft+1 = Ft + ?(At - Ft) E) Ft = Ft+1 + ?(At - Ft )
Deloria Corporation has two production departments, Forming and Assembly. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Forming Department's predetermined overhead rate is based on machine-hours and the Assembly Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: FormingAssemblyMachine-hours 19,000 15,000Direct labor-hours 4,000 8,000Total fixed manufacturing overhead cost$129,200$77,600Variable manufacturing overhead per machine-hour$1.60 Variable manufacturing overhead per direct labor-hour $3.00During the current month the company started and finished Job T288. The following data were recorded for
this job:Job T288:FormingAssemblyMachine-hours 80 10Direct labor-hours 30 40Direct materials$730$380Direct labor cost$900$1,200The total job cost for Job T288 is closest to: (Round your intermediate calculations to 2 decimal places.) A. $4,390 B. $2,302 C. $672 D. $2,088