Southwest U's campus book store sells course packs for $18 each, the variable cost per pack is $8, fixed costs to produce the packs are $200,000, and expected annual sales are 51,000 packs. What are the pre-tax profits from sales of course packs?
A. $285,200
B. $310,000
C. $306,900
D. $248,000
E. $372,000
Answer: B
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_____ is said to occur when policymakers must increase inflation in response to an increase in the expected inflation rate.
A. A liquidity trap B. An expectations trap. C. An adaptive expectations trap D. An inflation trap
Which of the following procedures is a substantive procedure that relates to the rights and obligations assertion?
a. Assess management's impairment estimates. b. Examine documents of title. c. Recalculate amortization expense. d. Inquire management about assets that are idle.
Complete the following statement. The business model approach offers two important advantages over the other approaches. Firstly, it provides you with a clear and concise way to ___________ an entrepreneurial opportunity. Secondly, in the process of constructing a business model, you can improve your own __________ of the underlying concept, enabling you to refine it further and build a more convincing case.
Fills the gaps in the following sentence.
Managerial accounting provides financial and nonfinancial information to an organization's managers and other internal decision makers.
Answer the following statement true (T) or false (F)