How does the fair trade system differ from the free trade system?
a. The seller can sell product based on what the market will allow.
b. The buyer must undergo much harsher analysis of internal company processes.
c. The buyer and seller do not have as much freedom to agree on a price.
d. The buyer and seller are both from countries that abide by developed-country laws
and standards.
c. The buyer and seller do not have as much freedom to agree on a price.
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How is the contribution margin calculated when utilizing variable costing?
a. Sales less variable cost of goods sold b. Sales less variable cost of goods sold, less variable selling and administrative expenses c. Sales less cost of goods sold d. Sales less variable cost of goods sold, less variable selling and administrative expenses, less fixed cost of goods sold, less fixed selling and administrative expenses
_____ refer tononcash compensation, including programs such as health insurance, vacation, and childcare.
A. Gratuities B. Bonuses C. Commissions D. Benefits
Keomuangtai Corporation produces and sells a single product. The company has provided its contribution format income statement for October. Sales (4,600 units)$266,800Variable expenses 179,400Contribution margin 87,400Fixed expenses 62,200Net operating income$25,200 If the company sells 4,200 units, its net operating income should be closest to:
A. $25,200 B. $2,000 C. $17,600 D. $23,009
Ginnie Mae
A) insures qualifying mortgages. B) insures pass-through certificates. C) insures collateralized mortgage obligations. D) does only A and B. of the above. E) does only B and C of the above.