Which of the following is an example of growth by diversification?
A) a company introducing its existing products in a new market
B) a company introducing new product category in a new market
C) a company increases its product line in an existing market
D) a company introducing a new product category in an existing market
E) a company integrates backward to cut costs
B
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John watched his brother die in a road accident. The perpetrator was driving under the influence of alcohol
John can recover damages for negligent infliction of emotional distress because of the mental trauma he suffered from watching his brother die. Indicate whether the statement is true or false
Under the perpetual inventory system, two journal entries are used to record the sales of merchandise. One entry records the Sales Revenue and another entry records the Cost of Goods Sold
Indicate whether the statement is true or false
Faros Hats, Inc has two product lines—batting helmets and football helmets
The income statement data for the most recent year is as follows: Total Batting Helmets Football Helmets Sales revenue $850,000 $500,000 $350,000 Variable costs (440,000 ) (150,000 ) (290,000 ) Contribution margin $410,000 $350,000 $60,000 Fixed costs (190,000 ) (90,000 ) (100,000 ) Operating income (loss) $220,000 $260,000 $(40,000 ) What is the effect of dropping football helmets line on the operating income of the company? (Assume that fixed costs remain unchanged and that there would be no adverse effect on other sales.) A) Operating income will increase by $40,000. B) Operating income will increase by $90,000. C) Operating income will decrease by $60,000. D) Operating income will decrease by $350,000.
Answer the following: a. Under the Code, what constitutes an "express" warranty? Does an express warranty have to arise through words? b. Which of the following would be an express warranty? Explain. 1. This is the best computer available in town. 2
This car has new brakes. 3. This sample is just like the one in the box. 4. In my opinion, this is a better video recorder than the one made by this competitor. 5. As a mechanic, I think this car is in good running order and should give you no problems for at least three months.