Which of the following statements about products, goods, and services is true?
A. Products and goods are synonymous terms
B. Goods and services are tangibles
C. Salespeople do not sell services
D. Goods and products are tangibles
E. Services and products are tangibles
Answer: D
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During a period of increasing purchase prices, which inventory costing method will yield the lowest cost of goods sold?
A) Any method in which the company uses a periodic system. B) FIFO C) LIFO D) Weighted average cost
A major computer manufacturer is interested in establishing a customer service center to handle business for the next decade
They conduct exhaustive research on land and construction costs, utilities, tax breaks, and wages at three sites, Oklahoma City, Austin, and Nashville. Answer these questions using these costs as displayed in the table below. Costs Austin Nashville Oklahoma City Fixed ($) 200,000 150,000 300,000 Variable ($/unit) 7 10 4 Graph the total cost curves and indicate the range of output that is best for each prospective site. What are the assumptions you have made in this analysis? What will be an ideal response?
All of the following are examples of marketing input data EXCEPT:
A. advertising expenses. B. accounting records. C. call reports. D. advertising budgets. E. sales budgets.
Dockside Enterprises Incorporated operates two divisions: (1) a management division that owns and manages bulk carriers on the Great Lakes and (2) a repair division that operates a dry dock in Tampa, Florida. The repair division works on company ships and outside large-hull ships. The repair division has an estimated variable cost of $37 per labor-hour, has a backlog of work for outside ships, and charges $70.00 per hour for labor, which is standard for this type of work. The management division complained that it could hire its own repair workers for $45.00 per hour, including leasing an adequate work area.What is the maximum transfer price per hour that the management division should pay?
A. $45.00. B. $37.00. C. $70.00. D. $33.00.