Focus groups should be led by the entrepreneur.
Answer the following statement true (T) or false (F)
False
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A company produces 1,000 packages of chicken feed per month
The sales price is $6 per pack. Variable cost is $1.50 per unit, and fixed costs are $1,600 per month. Management is considering adding a vitamin supplement to improve the value of the product. The variable cost will increase from $1.50 to $2.50 per unit, but there will be no change in fixed costs. The company will price the new product at $4.50 to compete with other products. How will this affect operating income? A) Operating income will decrease by $2,500 per month. B) Operating income will increase by $2,500 per month. C) Operating income will decrease by $1,600 per month. D) Operating income will remain unchanged.
In EEOC v. Dial Corp, where an employer used a test of strength to screen job applicants for ability to do the job, the appeals court held that the test was not a valid way to select employees and served to discriminate against women
a. True b. False Indicate whether the statement is true or false
Libre, Inc. has experienced bad debt losses of 5% of credit sales in prior periods. At the end of the year, the balance of Accounts Receivable is $117,000 and the Allowance for Doubtful Accounts has an unadjusted credit balance of $1350. Net credit sales during the year were $184,000. Using the percentage of credit sales method, what is the estimated Bad Debt Expense for the year?
A. $8700. B. $5850. C. $9200. D. $9700
Now that your uncle has decided to retire, he wants to buy an annuity that will provide him with $85,000 of income a year for 25 years, with the first payment coming immediately. The going rate on such annuities is 5.15%. How much would it cost him to buy the annuity today?
A. $1,063,968 B. $1,119,966 C. $1,178,912 D. $1,240,960 E. $1,303,008