Logsdon Corporation produces and sells a single product whose contribution margin ratio is 63%. The company's monthly fixed expense is $720,720 and the company's monthly target profit is $28,000. The dollar sales to attain that target profit is closest to:
A. $1,188,444
B. $454,054
C. $471,694
D. $1,144,000
Answer: A
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A) involves maximizing pleasure and minimizing pain B) offers a version of philosophy based on the Golden Rule, which means do unto others what you would have them do unto you C) involves balancing a variety of urges throughout a person's life D) offers guidelines regarding right and wrong as well as what is acceptable and what is not acceptable, within a geographic area
What is an advantage of a qualified plan in retirement benefits?
A. a retirement plan that provides benefits exclusively to its owners and top managers B. immediate tax deductions for the funds employees contribute to the plan C. exemption of contribution from employees D. tax-free withdrawals for highly compensated employees E. taxable earnings on the money in the retirement fund
Edna Wallace is a little worried concerning all the talk she has heard recently about lawsuits due to misrepresentation and breach of warranty. To help her "stay legal," her sales manager should advise her to do all of the following EXCEPT:
A. avoid making exaggerated claims about product safety. B. thoroughly educate all customers before making a sale. C. make claims or promises of a factual nature. D. be accurate when describing her product's capabilities. E. know the technical specifications of the products she sells.
The elegance criterion for voice systems requires that they should be simple to understand, apply to a broad range of issues, and allow for a definitive response.
Answer the following statement true (T) or false (F)