Calculate the return on capital of a business whose net marketing contribution is $300 million and total invested capital is $900 million. The other expenses, including interest and taxes, amount to $120 million
A) 40%
B) 15%
C) 5%
D) 30%
E) 20%
E
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Firms have decided to raise fees and lower service for those customers who barely pay their way and to coddle big spenders to retain their patronage as long as possible. This is an example of organizing customers by ________
A) retailer convenience B) profit tiers C) psychographic characteristics D) social influence E) customer preference
Which argument in favor of tariffs states that developing industries should be initially shielded from competition?
a. infant-industry argument b. cheap foreign labor argument c. fair trade argument d. national security argument
The purchasing agent is responsible for developing the direct materials quantity standard
Indicate whether the statement is true or false
The Merchandise Inventory account is an expense account that is used for goods purchased that the business owns and intends to resell to customers, as well as for purchase of office supplies and equipment
Indicate whether the statement is true or false