If sales total $2,000,000, fixed costs total $800,000, and variable costs are 60% of sales, the contribution margin ratio is 40%

Indicate whether the statement is true or false


True

Business

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Manufacturing is often the quickest route for developing countries to increase domestic wealth and the wages of their citizens.

Answer the following statement true (T) or false (F)

Business

Asa Meyer was just named FireFly Products sales manager, with responsibilities for all marketing planning. FireFly's president tells him that his job is to "outsell the competition." FireFly is operating in the ________ era.

A. sales B. production C. marketing company D. marketing department E. market-oriented

Business

Physical interface standards include all of the required functions

for data communication. Indicate whether the statement is true or false

Business

Which of the following items would appear in a management letter of representation?

A) That the control systems are operating effectively. B) That a physical inventory was taken, and properly valued. C) That management has adequate insurance to ensure its ongoing operations. D) That all financial records and related data were made available to the auditors.

Business