A company's flexible budget for 12,000 units of production showed sales, $48,000; variable costs, $18,000; and fixed costs, $16,000. The fixed costs expected if the company produces and sells 16,000 units is:
A. $64,000.
B. $18,000.
C. $24,000.
D. $48,000.
E. $16,000.
Answer: E
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Dragoo Building Inc. has a crane with a book value of $240,000 and a four-year remaining life. A new crane is available at a cost of $615,000. Dragoo can also receive $48,000 for trading in the old pump. The new crane will reduce variable costs by $145,000 per year over its four-year life. The total impact to Dragoo over the crane's four-year life is:
A. Increase of $23,000. B. Decrease of $48,000. C. Decrease of $13,000. D. Decrease of $615,000. E. Increase of $13,000.
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Which of the following is not a survey?
a. observation b. mail questionnaires c. telephone questionnaires d. person-to-person interviewing
Ad substantiation does not require advertisers to have a reasonable basis for their claims at the time the claims were made
a. True b. False Indicate whether the statement is true or false