A July sales forecast projects that 6,000 units are going to be sold at a price of $10.50 per unit. Management forecasts 2% growth in sales each month. Total July sales are anticipated to be:
A. $67,500.
B. $64,260.
C. $61,250.
D. $63,000.
E. $60,000.
Answer: D
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What is the purpose of each of the three main sections of a business report?
What will be an ideal response?
Failure to record the supplies used during the year would result in which of the following?
a. Net income being understated b. An overstatement of liabilities c. Stockholders' equity being overstated d. Total assets being understated
The purpose of business reports is to convey information, answer questions, and ________
A) generate new business B) recruit employees C) solve problems D) start conversations
ABC, Inc., is a small clothing manufacturer that produces shirts and pants using two resources: sewing machine hours and cutting machine hours. The production manager can schedule up to 240 hr of sewing machine time and up to 150 hr of cutting machine time. Production of one shirt requires 3 hr of sewing time and 1 hr of cutting time. Each pair of pants requires 2 hr of sewing time and 1.5 hr of cutting time. Each shirt yields a profit of $5, and each pair of pants generates a $6 profit. The objective is to maximize profits. Which of the following is the decision variable for the LP formulation?
A. total revenue generated B. number of sewing hours and number of cutting hours required C. number of shirts and number of pairs of pants to be produced D. total production time