Over the range of demand shown by this graph, which action would completely remove one of the potential suppliers from consideration?
A) lowering A's fixed cost by 10%
B) raising B's variable cost by 10%
C) raising C's variable and fixed costs by 10%
D) lowering D's fixed cost by 25%
Answer: C
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Argentina was allowed to break from the CET and raise duties on consumer goods. This crisis had a silver lining, which is evident from all of the following points except:
A) Argentina's wine exports to the United States were worth four times more when dollar revenues were converted into pesos. B) Argentina became known for the world's most expensive wines. C) the currency devaluation made Argentine vineyard property cheaper for foreign buyers. D) low prices for land, inexpensive labor, and ideal growing conditions for the Malbec grape have combined to make Argentina's wine industry a major player in world markets. E) Argentina can make better wine locally for less money than anywhere in the world.
Answer the following statements true (T) or false (F)
1) The Cost of Goods Sold account is credited to write down the inventory as required by the lower-of-cost-or-market rule. 2) The Merchandise Inventory account is debited to write down the inventory as required by the lower-of-cost-or-market rule. 3) Companies often disclose that the LCM rule is followed in notes to their financial statements. 4) An overstatement of ending merchandise inventory in the current period results in an understatement of net income in the current period. 5) An overstatement of ending merchandise inventory in the current period results in an overstatement of net income in the current period.
Which of the following is/are true regarding the accounting for defined contribution plans?
a. When pension assets equal pension liabilities and the expected rate of return on pension investments equals the discount rate used to compute the projected benefit obligation, the amounts offset each other. b. When the interest cost exceeds the expected return on pension investments, either employer contributions or future earnings on pension plan investments must make up the difference. c. Computing pension expense (or credit) using the expected return (not the actual return) rests on the view that pension plans should take a long-term perspective and generate earnings from investments based on a long-term expected rate of return. d. Annual deviations from the long-term expected rate of return should not flow through to net income as they occur. e. all of the above
The fact that Procter & Gamble has broadened its product offerings to include household cleaning products, laundry products, snack products, and hair care products is an example of diversification.
Answer the following statement true (T) or false (F)