Yotel and Qbic are capsule hotel chains.

a. true
b. false


a. true

Business

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Givens Corp is a merchandising company that uses the periodic inventory system. Selected account balances are listed below: Sales $500,000 Purchases 225,000 Inventory (beginning) 16,000 Inventory (ending) 30,000 Operating Expenses 148,000 Income Tax Expense 10,000 Retained Earnings (beginning) 53,000 Dividends 15,000 Refer to the information for Givens Corp Calculate the gross profit

a. $241,000 b. $275,000 c. $289,000 d. $425,000

Business

Rad, a manufacturer of luxury watches, charges a higher price for its products than its competitors. Despite the high prices, the brand is popular among customers for its quality and service in comparison to cheaper alternatives available in the market. In this case, Rad offers a(n) ________ value proposition.

A) more-for-more B) more-for-the-same C) more-for-less D) all-or-nothing E) same-for-less

Business

An insurance ____________________ represents the insurance company, and an insurance ____________________ represents the buyer.

Fill in the blank(s) with the appropriate word(s).

Business

Graham Pottery Inc Graham Pottery Inc produces an item that gives rise to the following activities: Activity Hours Processing (two departments) 30 Inspecting 3 Rework 2 Moving (three moves) 9 Waiting (for the second process) 9 Storage (before delivery to the customer) 8 Refer to the Graham Pottery Inc information above. The total manufacturing cycle time is:

A) 61 hours. B) 30 hours. C) 65 hours. D) 44 hours.

Business