Adam is a potential investor in Athletix, a manufacturer of sporting goods
To determine whether or not he wants to invest in the company, Adam is examining a document that lays out the financial goals for the entire company for the next three years, as well as goals in production efficiencies and shipping efficiencies. Adam is most likely reading the ________ for Athletix.
A) marketing plan
B) marketing program
C) business plan
D) business program
E) financial plan
C
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Credit entries are used to
a. increase asset accounts. b. increase liability accounts. c. decrease revenue accounts. d. decrease liability accounts.
Which of the following types of brands are also known as store brands?
A) generics B) value brands C) private labels D) national brands
Which of the following is NOT true regarding limited partnerships?
a. General partners of a limited partnership remain jointly and severally liable for partnership obligations. b. Limited partners assume no liability for partnership debts beyond the amount of capital they contributed. c. Limited partners are responsible for the management of the partnership. d. Limited partnerships are often used to raise capital.
Nourse Enterprises makes a variety of products that it sells to other businesses. The company's activity-based costing system has four activity cost pools for assigning costs to products and customers. Details concerning that ABC system are listed below:Activity Cost PoolActivity MeasureActivity RateSupporting assemblyDirect labor-hours (DLHs)$3.50per DLHProcessing batchesNumber of batches$114.05per batchProcessing ordersNumber of orders$66.95per orderServing customersNumber of customers$2,026.00per customerThe cost of serving customers, $2,026.00 per customer, is the cost of serving a customer for one year. Koerner Corporation buys only one of the company's products. The details of last year's purchases of this product are listed below: Number of units purchased 900unitsNumber of
batches 13batchesNumber of orders 4orderDirect labor-hour requirement 0.10DLHs per unitSelling price$25.75per unitDirect materials cost$7.95per unitDirect labor cost$1.50per unitAccording to the ABC system, the customer margin for this customer this past year was closest to: A. $19,083.55 B. $14,670.00 C. $10,578.55 D. $16,020.00