When calculating the break-even point in a multi-product environment, which of the following statements is false?
A) The contribution margin per unit for each product needs to be determined.
B) Total fixed costs need to be determined.
C) Each product is assumed to count for an equal percentage of total sales.
D) The weighted-average contribution margin per unit needs to be determined.
C
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If $10,000 was generated from operations, $4,000 used for investing activities, and $6,000 provided by financing activities, the cash balance must have increased by
a. $6,000. b. $8,000. c. $12,000. d. $20,000.
Campbell is the world's largest soup company, commanding about 80% of the U.S. canned soup market. However, the company has a presence in only 6% of the world's soup markets
Russians eat 32 billion servings of soup each year, and the Chinese consume 300 billion! By contrast, Americans eat 15 billion servings each year. Sensing a huge opportunity, Campbell has dispatched teams to observe Russian and Chinese habits. This type of interpretation and decision is based on: A) demand pattern analysis. B) income elastic analysis. C) time series displacement. D) polycentrism. E) comparative analysis.
In all but the worst weather, Laura and four of her coworkers met each day at 12:15 to walk the wilderness trail behind their office building. This is an example of a(n)
A. continuous improvement team. B. informal group. C. self-managed team. D. virtual team. E. formal group.
Which of the following will not cause times interest earned to drop? Assume no other changes than those listed
a. An increase in bonds payable with no change in operating income. b. An increase in interest rates. c. A rise in preferred stock dividends. d. A rise in cost of goods sold with no change in interest expense. e. A drop in sales with no change in interest expense.