The total demand for many business goods and services is inelastic; that is, not greatly affected by price changes
Indicate whether the statement is true or false
TRUE
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Pegasus Avionics makes aircraft instrumentation. Its basic navigation radio requires $60 in variable costs and $3000 per month in fixed costs. Pegasus sells 10 radios per month. If the company further processes the radio, to enhance its functionality, it will require an additional $27 per unit of variable costs, plus an increase in fixed costs of $270 per month. The current sales price of the radio is $290. The marketing manager is sure that Pegasus can charge a higher sales price for the improved version. At what sales price level would the new, improved radio begin to improve operating earnings? (Round to the nearest whole dollar.)
A) at a sales price higher than $344 B) at a sales price of $290 C) at a sales price lower than $290 D) at a sales price of $377
In many states, those employers who have very few layoffs and few claims for unemployment benefits receive a merit rating
Indicate whether the statement is true or false
Which of the following statements is true?
A) There will be many different jobs on a job-order cost sheet. B) Direct labor is allocated to jobs along with overhead. C) Work-in-process consists of all complete work. D) Time tickets are used to post the cost of direct labor to individual jobs. E) All of these are false.
Which sentence is correctly punctuated?
A) Our networking infrastructure, which was installed in January, will be updated next month. B) Our networking infrastructure, that was installed in January, will be updated next month. C) Our networking infrastructure which was installed in January will be updated next month. D) ?Our networking infrastructure that was installed in January will be updated next month.