Robert works for Southern Consulting as a sales executive. He is paid a monthly salary of $3,350.00 plus a straight commission of 4.3% on all sales over $10,100.00. If he sells $15,300.00, what is his total gross pay for the month?
A) $3,573.60
B) $3,784.30
C) $4,007.90
D) $8,550.00
A
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Railroads were once operated based on the thinking that users wanted trains that would offer the most in quality, performance, and innovative features. The railroad managing companies overlooked the fact that there could be other modes of transportation. This reflects the ________ concept.
A) product B) production C) selling D) marketing E) societal marketing
The basic formula for ________ is Price = Direct costs + Overhead + Profit margin.
A. Return on investment B. Net profit C. Contribution margin D. Cost-based pricing E. ABC costing
Nelson Company experienced the following transactions during Year 1, its first year in operation. 1. Acquired $7200 cash by issuing common stock. 2. Provided $3500 of services on account. 3. Paid $1900 cash for operating expenses. 4. Collected $2500 of cash from customers in partial settlement of its accounts receivable. 5. Paid a $160 cash dividend to stockholders. What is the amount of total assets that will be reported on the balance sheet as of December 31, Year 1
A. $7640. B. $8800. C. $7960. D. $8640.
A good marketing manager for a producer knows that the most profitable price and level of output is where
A. the firm's profit is the same as that of its competitors. B. total profit equals total cost. C. the positive difference between the total revenue and total cost curves is the greatest. D. total revenue equals total cost. E. None of these answers is correct.