As a general rule, corporations are required to compensate promoters for the services they render during the preincorporation process.
Answer the following statement true (T) or false (F)
False
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What is the correct formula for cell B3?
a) =(B2-B3)/B3
b) =1-B3/B2
c) =1-B2/B3
d) =B3/B2-1
e) =(B2-B3)/(B2+B3)
Regarding the sales budget, which of the following statements is incorrect?
A) The forecast of sales revenue is the cornerstone of the master budget. B) The level of sales affects expenses and almost all other elements of the master budget. C) The budgeted sales are carried from the sales budget to the balance sheet. D) Budgeted total sales for each product equal the sales price multiplied by the expected number of units
The most basic forms of market segmentation involve ________ and ________ criteria
A) psychographic; behavioral B) psychographic; demographic C) behavioral; needs D) values; demographic E) values; needs
During its most recent fiscal year, Raphael Enterprises sold 200,000 electric screwdrivers at a price of $15 each. Fixed costs amounted to $400,000 and pretax income was $600,000. What amount should have been reported as variable costs in the company's contribution margin income statement for the year in question?
A. $1,000,000. B. $2,000,000. C. $3,000,000. D. $1,600,000. E. $2,400,000.