Demand for business products is characterized as derived. From what is the demand derived?
A. Industrial demand
B. Modified demand
C. Demand for consumer products
D. Future product demand
E. The business cycle
Answer: C
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Prepare a differential analysis to determine if the product should be processed further. Discuss the results.
A company spent $750,000 to produce 225,000 gallons of a chemical free cleaning product that can be sold for $6.00 per gallon. This product can be further processed into a household cleaning solution that can be sold for $8.50 per gallon. It will cost $360,000 to process the chemical free product into the household cleaning solution.
Where does the ideal sales presentation take place?
What will be an ideal response?
Cost information from both absorption costing and variable costing can aid managers in pricing.
Answer the following statement true (T) or false (F)
Comparative income statements for Chicago Company are provided below:Chicago CompanyComparative Income StatementYears Ended December 31?Year 2Year 1Sales$ 288,000$ 302,190Less cost of goods sold_____101,350_____115,400Gross margin186,650 186,790Less operating expenses 89,970______99,770Income before taxes96,68087,020Income taxes______38,672______34,808Net income $ 58,008$ 52,212Required:Perform a horizontal analysis of Chicago Company's income statement by computing horizontal percentages for each item. Round your answer to one decimal place (i.e. 22.5%).
What will be an ideal response?