A good example of collecting behavioral data would be when a store uses scanners to read barcodes on products selected by consumers
Indicate whether the statement is true or false
TRUE
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Arshdeep works at a local marketing consulting firm, where he has a good deal of responsibility and oversees an office of 10 employees, none of whom are managers. Arshdeep is a ______.
a. team leader b. first-line manager c. middle manager d. top manager
Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 20,000 shares authorized, 9,000 shares issued, and 8,000 shares of common stock outstanding. The journal entry to record the dividend declaration is:
A. Debit Retained Earnings $4,000; credit Common Dividends Payable $4,000. B. Debit Common Dividends Payable $4,000; credit Cash $4,000. C. Debit Common Dividends Payable $4,500; credit Cash $4,500. D. Debit Retained Earnings $10,000; credit Common Dividends Payable $10,000. E. Debit Retained Earnings $4,500; credit Common Dividends Payable $4,500.
Difficulty in following up in depth on a single issue and the potential for a low response rate are two disadvantages to which data gathering method?
a. interviews b. unobtrusive measures c. focus groups d. surveys/questionnaires
Goertz Corporation has an activity-based costing system with three activity cost pools-Machining, Order Filling, and Other. In the first stage allocations, costs in the two overhead accounts, equipment depreciation and supervisory expense, are allocated to the three activity cost pools based on resource consumption. Data used in the first stage allocations follow:Overhead costs: Equipment depreciation$51,000Supervisory expense$3,000??Distribution of Resource Consumption Across Activity Cost Pools: Activity Cost Pools MachiningOrder FillingOtherEquipment depreciation0.400.100.50Supervisory expense0.200.300.50Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity
cost pool are not assigned to products. Activity data for the company's two products follow:Activity: MHs (Machining)Orders (Order Filling)Product J39,100100Product F7900900Total10,0001,000Finally, the costs of Machining and Order Filling are combined with the following sales and direct cost data to determine product margins.Sales and Direct Cost Data: Product J3Product F7Sales (total)$145,200$90,700Direct materials (total)$81,400$38,600Direct labor (total)$37,700$42,400What is the product margin for Product F7 under activity-based costing? A. $2,710 B. $2,410 C. $9,700 D. $10,600