At a certain level of operations, per unit costs and selling price are as follows: manufacturing costs, $50; selling and administrative expenses, $10; selling price, $80 . Given this information, the mark-on percentage to manufacturing cost used to determine selling price must have been:
a. 20 percent.
b. 60 percent.
c. 33 percent.
d. 25 percent.
b
You might also like to view...
In a firm with proper segregation of duties, adequate supervision is most critical in
a. purchasing b. receiving c. accounts payable d. general ledger
_______ is the belief that some acts are always right or always wrong, whereas ______ is the belief that a decision may be right even if it is not in keeping with our own ethical standards
a. Moral universalism; moral relativism b. Moral relativism; moral universalism c. Utilitarianism; deontological ethics d. Deontological ethics; utilitarianism
The process by which companies acquire new customers, keep the customers they already have, and grow the business by increasing their share of customers' purchases is referred to as
A. customer segmentation analysis. B. relationship marketing. C. lifetime value marketing. D. share of customer. E. customer relationship management.
A seller's remedies upon the buyer's default:
a. may be goods oriented, money oriented, or obligation oriented. b. are subject to the doctrine of election of remedies. c. are, under the UCC, the same as a buyer's remedies for the seller's breach. d. All of these.