Distribution industries account for approximately what percentage of all small businesses?
A. 20
B. 25
C. 33
D. 55
E. 70
Answer: C
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Which of the following best describes the costs that must ultimately be covered by revenues from individual products, but are not associated with any one product?
A) development costs B) variable costs C) direct fixed costs D) overhead costs
Which of the following is true of product bundle pricing?
A) It promotes the sale of products that consumers might not otherwise buy. B) It is used to set prices across an entire product range based on customer evaluations. C) It forces customers to buy product parts that are only compatible with the main product. D) It results in companies making fewer—though more profitable—sales. E) It involves pricing the main product low and setting high markups on the supplies.
Suppose DeGraw Corporation, a U.S. exporter, sold a solar heating station to a Japanese customer at a price of 130.5 million yen, when the exchange rate was 140.0 yen per dollar. In order to close the sale, DeGraw agreed to make the bill payable in yen, thus agreeing to take some exchange rate risk for the transaction. The terms were net 6 months. If the yen fell against the dollar such that one dollar would buy 154.4 yen when the invoice was paid, what dollar amount would DeGraw actually receive after it exchanged yen for U.S. dollars?
A. $845,207.25 B. $1,039,604.92 C. $1,048,056.99 D. $676,165.80 E. $659,261.66
South Beach Industries reports the following information about resources. At the beginning of the year, South Beach estimated it would spend $180,000 for materials, $42,000 for purchasing, $35,000 for setups, and $36,000 for repairs. Cost Driver RateVolumeResources used: Materials$10/lb18,350lbsPurchasing$250/purchase order160purchase ordersSetups$450/setup80setupsRepairs$36/job700jobsResources supplied: Materials$192,700 Purchasing$44,300 Setups$37,500 Repairs$30,000 The unused resource capacity for materials for South Beach is:
A. $9,200. B. $3,500. C. $19,270. D. $12,700.