A price list is treated as an invitation to negotiate
Indicate whether the statement is true or false
True
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Launch Company sells 2500 paddleboards per year at a sales price of $470 per unit. Launch sells in a highly competitive market and uses target pricing. The company has $800,000 of assets, and the shareholders wish to make a profit of 16% on assets. Variable cost is $190 per unit and cannot be reduced. Assume all products produced are sold. What are the target fixed costs?
A) $1,175,000 B) $1,047,000 C) $128,000 D) $572,000
When are sunk costs omitted from decision analysis?
A) Always B) Never C) Only if necessary D) Only if they are immaterial
N&B Inc. sold land worth $385,000. The purchaser paid $80,000 cash and assumed N&B's $305,000 mortgage on the land. N&B's amount realized on sale is $385,000.
Answer the following statement true (T) or false (F)
The most important influences on the development of law today are criminal law and civil law
Indicate whether the statement is true or false