Frazier has returned from a nursery where he has purchased 21 rose bushes to landscape the exterior of his home. Each bush has its roots wrapped in burlap, and Frazier carried the bushes home in the back of his pickup truck. Frazier has now planted each of the rose bushes. The bushes are real property.
Answer the following statement true (T) or false (F)
True
Once the shrubs are planted, they become a part of the real property.
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A firm can charge different prices to different customers if the prices represent manufacturing or quantity discount savings.
Answer the following statement true (T) or false (F)
The following information is for a product manufactured and sold by Drake Company:Sales price per unit: $100Variable cost per unit: $30Total annual fixed costs: $350,000Required:1) Calculate the contribution margin per unit.2) How many units must Drake sell to break-even?3) How many units must Drake sell to achieve a profit of $35,000?
What will be an ideal response?
A vending machine restocker would likely operate using a(n) _________ inventory model.
What will be an ideal response?
Suppose the monthly demand for automobile tires at a tire dealer is normally distributed with a mean of 250 tires and a standard deviation of 50 tires. How many tires must the store have in inventory at the beginning of each month in order to meet demand 95 percent of the time?