A consumer goods company has been studying the effect of advertising on total profits
As part of this study, data on advertising expenditures ($1000s) and total sales ($1000s) were collected for a five-month period and are as follows: (15, 150), (22.5, 300), (10.5, 120), (18, 180), and (21, 225), where the first number is advertising expenditures and the second is total sales. Graphically display the data, and state an appropriate conclusion from the graph.
Clearly there is a positive relationship between advertising expenditures and total sales.
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________, also known as stocklifts or lift-outs, are activities engaged in by vendors with retailers to get their products into retail stores.
A. Buybacks B. Greenwashing C. Co-op advertising D. Charge backs E. Reverse auctions
Whistleblowing is ______.
a. disloyal and illegal b. important, but risky c. loyal, and therefore not risky d. is positive for either the organization or the whistleblower, but not both
A retail store has beginning inventory of $30,000, purchases of $220,000, sales of $200,000, and a normal gross margin of 25 percent. What is estimated inventory based on these facts and the gross profit method?
A) $50,000 B) $150,000 C) $100,000 D) $200,000
TAC Inc, produces two products – Tics and Toes, from one process. The joint processing costs of materials, labor, and overhead total $220,000, producing 20,000 units of Tics and 30,000 units of Toes. The company sells Tics for $20 per unit and Toes for $15 per unit. The amount of joint costs assigned to Tics using the relative sales value method is:
a. $146,666 b. $103,532 c. $116,471 d. $73,333