RFM analysis can be a useful tool to determine the best customers based on the frequency of their purchases
Indicate whether the statement is true or false
TRUE
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Which type of fraud will not have any analytical symptoms?
a. Inventory Fraud b. Revenue Fraud c. Liability Fraud d. Disclosure Fraud
Which of the following is not true regarding foreign direct investment?
A. FDI includes foreign investment in stock markets. B. FDI calculations include direct investments in equipment, structures, and organizations in a foreign country. C. FDI refers to direct investments in a foreign country, at a level sufficient to obtain significant management control. D. The world stock of outward FDI was $26.3 trillion at the beginning of 2014. E. FDI does not include exports.
In general, U.S. ethical codes when doing business in foreign countries tend to be:
A) more accepting of bribery but less accepting of libel B) more accepting of libel but less accepting of bribery C) more relaxed than the codes of other countries D) the same as the codes of other countries E) stricter than the codes of other countries
The California Fitness Company completed the flexible budget analysis for the second quarter, which is given below
Actual Results Flexible Budget Variance Flexible Budget Sales Volume Variance Static Budget Units 12,860 0 12,860 1,060 F 11,800 Sales Revenue $62,720 $1,290 U $64,010 $4,010 F $60,000 Variable Costs 27,620 720 U 26,900 $1,700 U 25,200 Contribution Margin $35,100 $2,010 U $37,110 $2,310 F $34,800 Fixed Costs 34,250 250 U 34,000 $0 34,000 Operating Income/(loss) $850 $2,260 U $3,110 $2,310 F $800 Which of the following statements would be a correct analysis of the flexible budget variance for variable costs? A) decrease in sales price per unit B) increase in variable cost per unit C) increase in sales volume D) increase in fixed costs