A generic market description should NOT include
A. product type.
B. customer types.
C. geographic area.
D. customer needs.
Answer: A
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Singer and McMann are partners in a business. Singer's original capital was $40,000 and McMann's was $60,000 . They agree to salaries of $12,000 and $18,000 for Singer and McMann, respectively, and 10% interest on original capital. If they agree to share remaining profits and losses on a 3:2 ratio, what will McMann‘s share of the income be if the income for the year is $30,000?
a. $20,000 b. $18,000 c. $18,600 d. $17,400
The FDA jurisdiction includes administering the Flammable Fabrics Act.
Answer the following statement true (T) or false (F)
Vela Enterprises Inc would like to prepare a summary cash budget for March. The following information is available: · The cash balance at March 1 was estimated to be $3,000. · March sales, all on account, were estimated to be $50,000. Sales are collected over a two-month period with 65 percent collected in the month of sale and the remainder in the subsequent month. February sales on account
were $60,000. · Inventory purchases are expected to be $20,000 in March. The company pays for one-half of inventory purchases in the month of purchase and the remainder in the subsequent month. February's purchases were $18,000. · Cash disbursements for selling and administrative expenses are expected to be $4,000 in March. · Depreciation expense for March is expected to be $5,000. · Loan and interest payments for March are expected to be $25,000. What is the cash balance at the end of March expected to be? A) $ 8,500 B) $ (3,500) C) $ 3,500 D) $26,500
Unlike the International Product Cycle Theory, Porter’s Diamond of National Advantage suggests that countries can maintain their competitive advantage in specific industries over long periods of time irrespective of the impact of labor costs. True/False?
(a) True (b) False