Which of the following equations is used to calculate cost of goods sold during the period?
A. Beginning finished goods + cost of goods manufactured.
B. Beginning finished goods ? ending finished goods.
C. Beginning finished goods + ending finished goods ? cost of goods manufactured.
D. Beginning finished goods + cost of goods manufactured + ending finished goods.
E. Beginning finished goods + cost of goods manufactured ? ending finished goods.
Answer: E
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A marketer wanting to determine business buyer behavior is most likely to ask which of the following questions?
A) Are buyers sensitive toward price changes in consumer markets? B) What are the major influences on buyers? C) Are niche markets more profitable than mass markets? D) How do interpersonal factors affect organizational performance? E) Is the role of gatekeepers relevant in the international business environment?
In a proxy contest, only the incumbent directors are permitted to solicit proxies from shareholders
Indicate whether the statement is true or false
Olive Corp. currently makes 20,000 subcomponents a year in one of its factories. The unit costs to produce are: Per unitDirect materials $12Direct labor 8Variable manufacturing overhead 12Fixed manufacturing overhead 8Total unit cost $40An outside supplier has offered to provide Olive Corp. with the 20,000 subcomponents at a $36 per unit price. Fixed overhead is not avoidable. If Olive Corp. accepts the outside offer, what will be the effect on short-term profits?
A. $80,000 decrease B. $160,000 decrease C. $160,000 increase D. $320,000 increase
ABC operates a factory in the United Kingdom. Because the company’s existing factory doesn’t have the capacity to meet the future demands, it is considering various options. Consider the payoff matrix that shows the payoff for each combination of decision and state of nature. Determine the best maximum payoff for low demand.
a. $4 M
b. $3 M
c. $5 M
d. $10 M