Given below are the profit margins and fraud related losses of four economies. Which economy will have to generate the maximum dollar amount of additional revenues to recover the loss to aggregate income? Economy A 10% $225 million Economy B 10% $150 million Economy C 5% $100 million Economy D 2% $ 50 million
a. Economy A
b. Economy D
c. Economy C
d. Economy B
b
FEEDBACK: a. Incorrect. The additional revenue requirements will be calculated as: additional revenue = loss/profit margin (Economy A - $2.25 billion; Economy B - $1.5 billion; Economy C - $2 billion; and Economy D - $2.5 billion)
b. Correct.
c. Incorrect. The additional revenue requirements will be calculated as: additional revenue = loss/profit margin (Economy A - $2.25 billion; Economy B - $1.5 billion; Economy C - $2 billion; and Economy D - $2.5 billion)
d. Incorrect. The additional revenue requirements will be calculated as: additional revenue = loss/profit margin (Economy A - $2.25 billion; Economy B - $1.5 billion; Economy C - $2 billion; and Economy D - $2.5 billion)
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Conflict management can be best defined as
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Sparkle Spin, a national appliance brand, recruited 15 people as brand managers. They all took a test as part of the recruitment process. Three months after the recruitment, their test scores were analyzed along with their performance on the job to find a substantial correlation between the two factors. Which method of research is exemplified in this scenario?
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Define the consumption system and identify the two upcoming product strategies that are affected by this knowledge.
James Corporation's controller has developed the cost and usage data listed below in preparation of standard unit cost information for the coming year. Direct materials quantity standard 5 pounds per product Direct labor time standard 3 hours per product Direct materials price standard $9 per pound Direct labor rate standard $8 per hour Standard variable overhead rate $10 per labor hour Standard
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