The interest on a three-month, 12 percent, $8,300 note receivable is
a. $249.
b. $83.
c. $166.
d. $996.
A
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A decision that involves potential further processing of joint products is which kind of decision?
A) relevant B) make-or-buy C) sell-or-process-further D) special order E) keep-or-drop
The PowerClean Company manufactures an engine for carpet cleaners called the "Snooper." Budgeted cost and revenue data for the "Snooper" are given below, based on sales of 40,000 units.Sales revenue$1,600,000Less: Cost of goods sold1,120,000Gross margin$480,000Less: Operating expenses100,000Income$380,000Cost of goods sold consists of $810,000 of variable costs and $310,000 of fixed costs. Operating expenses consist of $30,000 of variable costs and $70,000 of fixed costs.Required: A. Calculate the break-even point in units and sales dollars.B. Calculate the safety margin (in dollars).C. PowerClean received an order for 6,000 units at a price of $25.00. There will be no increase in fixed costs, but variable costs will be reduced by $0.54 per unit because of cheaper packaging. Determine
the projected increase or decrease in profit from the order, assuming there are no opportunity costs. What will be an ideal response?
The "Find Your Beach" campaign for Corona Extra makes the experience of drinking the beer more enjoyable and connects the experience of the advertisement so tightly with the experience of drinking the beer that consumers cannot remember the brand without recalling the experience generated by the advertisement, which makes it a ________ ad.
A. transformational B. product benefit C. reminder D. rational E. teaser
If People magazine ran an ad for Calvin Klein on the back of the magazine, advertisers would describe it as on the third cover.
Answer the following statement true (T) or false (F)