The cost of producing or buying the product—plus making a profit—is the primary basis for setting price in this pricing strategy
A) competitive pricing
B) target costing
C) cost pricing
D) price skimming
E) penetration pricing
Answer: C
Explanation: C) Some companies favor cost pricing, in which the cost of producing or buying the product—plus making a profit—is the primary basis for setting price.
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In the year 2000 presidential election,
a. George W. Bush won the electoral vote because he won the popular vote. b. George W. Bush won the electoral vote after the U.S. Supreme Court stopped a Florida recount that had been ordered by the Florida Supreme Court. c. George W. Bush won the popular vote after the U.S. Supreme Court refused to rule on a challenge brought by Albert Gore regarding vote counting in New York. d. Although Albert Gore won the electoral vote, George W. Bush was declared president because he won the popular vote.
The manager of a profit center of a large electronics manufacturing corporation made some projections regarding sales and profits for the upcoming fourth quarter of the year. The managers' performance evaluation and compensation depended significantly on his ability to meet budget goals. The manager discovered that the fourth quarter would have to be a particularly good quarter in order to meet these goals. He decided to implement a sales program offering liberal payment terms in order to pull some sales that would normally occur next year into the current year. Customers accepting delivery in the fourth quarter would not have to pay the invoice for 140 days. Also, he sold some equipment that was not being used and realized a significant profit on the sale.Are these actions ethical?
Why or why not? What will be an ideal response?
The systems development life cycle (SDLC) model is appropriate in situations when the problem under investigation is not well defined
Indicate whether the statement is true or false
Lap Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in a particular department consisted of 80,000 units, 100% complete with respect to materials and 25% complete with respect to conversion costs. The total dollar value of this inventory was $226,000. During the month, 150,000 units were transferred out of the department. The costs per equivalent unit for the month were $2.00 for materials and $3.50 for conversion costs. The cost of the units completed and transferred out of the department was:
A. $681,000 B. $825,000 C. $821,000 D. $765,000