To qualify as a B corporation, a business must be certified by a state government agency.
Answer the following statement true (T) or false (F)
False
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If the December 31, 2016, balance of accounts receivable is higher than the January 1, 2016, balance, then the amount of cash collections will be less than the sales on account for the year
a. True b. False Indicate whether the statement is true or false
Managers use managerial information to evaluate performance of a company's operation
Indicate whether the statement is true or false
In times of inflation the Fed would reduce the nation’s money supply through:
a. buying government bonds b. borrowing capital from foreign governments c. lowering the discount rate d. lowering the reserve requirement e. selling government bonds
Boggess Corporation manufactures numerous products, one of which is called Alpha41. The company has provided the following data about this product: Unit sales (a) 120,000 Selling price per unit$86.00 Variable cost per unit 57.00 Contribution margin per unit (b)$29.00 Total contribution margin (a) × (b)$3,480,000 Traceable fixed expense 3,150,000 Net operating income$330,000 ?Management is considering increasing the price of Alpha41 by 10%, from $86.00 to $94.60. The company's marketing managers estimate that this price hike would decrease unit sales by 20%, from 120,000 units to 96,000 units. Assuming that the total traceable fixed expense does not change, what net operating income will product Alpha41 earn at a price of $94.60 if this sales forecast is correct?
A. $1,362,00 B. $4,512,000 C. $459,600 D. $3,609,600