Predictive technology used by e-marketers relies on which of the following?
A) sophisticated brain scans revealing consumers' reactions to advertisements and products
B) collecting data through people meters
C) collecting qualitative information through online questionnaires
D) drawing generalizations from professional respondents
E) tracking the shopping patterns of large numbers of people
E
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A tractor held by a farm equipment company for sale to farmers is classified as a long-term asset
Indicate whether the statement is true or false
Which of the following equations can be used to compute a firm's magnitude of operating leverage?
A. Fixed costs ÷ Contribution margin B. Contribution margin ÷ Net income C. Net income ÷ Sales D. Net income ÷ Contribution margin
Congratulations! You have just graduated from college and are determining what your monthly student loan payments will be. After consolidating all of your loans, you have a balance of $18,000. At 8% APR for 10 years, what will your monthly payments be?
A) $1,866.66 B) $161.50 C) $218.39 D) $1,440.14
Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price$78 Units in beginning inventory 0Units produced 8,800Units sold 8,700Units in ending inventory 100 Variable costs per unit: Direct materials$18Direct labor$10Variable manufacturing overhead$4Variable selling and administrative expense$5Fixed costs: Fixed manufacturing overhead$255,200Fixed selling and administrative expense$87,000 What is the net operating income for the month under variable costing?
A. $14,500 B. $11,300 C. $2,900 D. $17,400