In The Theory of Moral Sentiments, Adam Smith:
a. Says that not everyone is happy for our success.
b. Says that everyone can see situations in the same way.
c. That success is best earned gradually.
d. Both a and b
e. Both b and c
f. Both a and c
.F
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Indicate whether the statement is true or false
Boersma Sales, Inc., a merchandising company, reported sales of 7,100 units in September at a selling price of $682 per unit. Cost of goods sold, which is a variable cost, was $317 per unit. Variable selling expenses were $44 per unit and variable administrative expenses were $22 per unit. The total fixed selling expenses were $157,200 and the total administrative expenses were $338,000.The gross margin for September was:
A. $4,347,000 B. $1,627,700 C. $2,591,500 D. $2,122,900
Which type of product modification is an aesthetic product change?
A. functional B. quality C. repositioning D. style E. planned
Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November. Sales (5,700 units)$319,200Variable expenses 188,100Contribution margin 131,100Fixed expenses 106,500Net operating income$24,600If the company sells 5,300 units, its net operating income should be closest to:
A. $22,874 B. $15,400 C. $24,600 D. $2,200