An advantage to a retailer's having a wide assortment is _____
a. a broad selection within a merchandise category
b. less likelihood of being out-of-stock
c. high inventory turnover
d. the appeal to one-stop shopping
d
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A manufacturing company's budgeted income statement includes the following data
Data extracted from budgeted income statement Mar Apr May Jun Sales revenue $130,000 $80,000 $130,000 $120,000 Commission expense (15% of sales) 19,500 12,000 19,500 18,000 Salaries expense 33,000 33,000 33,000 33,000 Miscellaneous expense-5% of sales 6,500 4,000 6,500 6,000 Rent expense 3,600 3,600 3,600 3,600 Utilities expense 2,300 2,300 2,300 2,300 Insurance expense 2,600 2,600 2,600 2,600 Depreciation expense 4,200 4,200 4,200 4,200 The budget assumes that 60% of commission expenses are paid in the month they are incurred and the remaining 40% are paid one month later. In addition, 50% of salaries expenses are paid in the same month, and the remaining 50% are paid one month later. Miscellaneous expenses, rent expense, and utilities expenses are assumed to be paid in the same month in which they are incurred. Insurance has been paid in advance for the year on January 1. Calculate total budgeted cash payments for selling and administrative expenses for the month of April. A) $52,000 B) $60,500 C) $57,900 D) $64,700
The actual rate of return on an investment is the internal rate of return
Indicate whether the statement is true or false
In market segmentation, individual psychographic variables can be combined with other variables to provide more detailed descriptions of market segments.
Answer the following statement true (T) or false (F)
Home InspirationsMary works for her father in a family-owned business called Home Inspirations, a bedding company that has been in operation since the 1800s. When her father retires, Mary plans on taking over the business. Mary is aware of many things about the company that she likes, and a few things that she does not. She has particularly noted that when the economy has low unemployment and high total income, sales are great. However, any other time, sales are not so good.Currently, all of the bedding items are created in one place and everyone works on various tasks every day. Mary is thinking about streamlining the production process so that individuals would be responsible for only one task. She believes that if production would increase, she could sell her products at a lower price
and increase revenue. She knows that most bedding products available in the market are very similar in nature and satisfy the same need. However, if she were able to lower prices, this might give her company the competitive advantage that it needs. She would then be able to invest money in differentiating her products by providing unique features, building the brand name, and offering services such as free delivery. She is also considering selling her products on the Internet. Mary knows that her father does not like change very much, but she feels these changes are important for the future of the company. ? Refer to Home Inspirations. Mary feels that for productivity to improve, the company must practice A. free enterprise. B. work ethics. C. specialization. D. cultural diversity. E. pure competition.