Which of the following statement is TRUE about the senior market?
a. the senior market is tied to seasonal travel due to reduced mobility
b. involves longer trips
c. is wedded to midweek or weekend travel
d. it is not a lucrative market
b. involves longer trips
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Volt Corp reported the following information for the year ended December 31, 2016: Revenues $ 50,000 Expenses 20,000 Retained earnings at December 31, 2016 100,000 Retained earnings at December 31, 2015 105,000 How much was paid out in dividends by Volt in 2016?
a. $ 20,000 b. $ 25,000 c. $ 30,000 d. $ 50,000
A partnership began on January 1, 2020, with two partners Greg Lucey and Scott Lucas. Greg contributed $50,000 cash and Scott contributed equipment with a fair market value of $40,000. The partners share profits and losses 50:50. Partners' withdrawals were $12,000 by Greg and $6000 by Scott. Net income for 2020 was $56,000. What is the balance in Greg's capital account at December 31, 2020?
A) $66,000 B) $78,000 C) $16,000 D) $50,000
ABC Corporation would like to evaluate three production processes (A, B, and C) to accommodate the changes in demand for its products. The fixed and variable cost per unit are tabled here. Determine the most cost-effective process for an expected annual production volume of 2,000 units.
a. Process A
b. Process B
c. Process C
d. cannot be determined
Procter & Gamble's Vidal Sassoon shampoo smells the same worldwide, but the amount of scent used varies from country to country. This is an example of which type of marketing mix strategy?
A. countertrading B. product invention C. global market standardization D. product licensing E. product adaptation