Which of the following is an example of a variable cost for an amusement park?

A) salary of the park manager
B) food cart supplies
C) liability insurance
D) interest on the property's mortgage
E) property taxes


B

Business

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What will be an ideal response?

Business

Use the following financial information to find the entry you would make on an income statement for NET INCOME (LOSS) for the year ended December 31, 2011: Gross Sales, $223,000; Sales Returns and Allowances, $11,200; Sales Discounts, $1,800; Merchandise Inventory, January 1, 2011, $67,600; Merchandise Inventory, December 31, 2011, $78,300; Net Purchases, $84,000; Freight In, $950; Salaries, $107,200; Rent, $19,500; Utilities, $1,450; Insurance, $2,150; and Income Tax, $14,900.

A. $135,750 B. $210,000 C. $9,450 D. ($9,450)

Business

Vernon Inc would like to set the best price for a new product

The firm conducts an experimental study by selling the new product at two different prices in two different locations keeping other factors constant to see if a lower price results in better sales. This is most likely an example of ________ research. A) exploratory B) descriptive C) causal D) focus group E) ethnographic

Business

Compare the three distribution strategies that producers use, providing examples of products for each type of distribution

What will be an ideal response?

Business