Because retailers have to be concerned with product selection, price, and space, they often evaluate products on the basis of
A. their markup.
B. sales per square foot of selling area.
C. how many of the product they can fit in a certain amount of space.
D. profit per dollar of selling price.
E. the reliability of the supplier.
Answer: B
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Cordner Corporation has two production departments, P1 and P2, and two service departments, S1 and S2. Direct costs for each department and the proportion of service costs used by the various departments for the month of July are as follows: Proportion of Services Used by:DepartmentDirect costsS1 S2 P1 P2 S1$60,000 0.70 0.10 0.20 S2$100,000 0.20 0.30 0.50 P1$160,000 P2$140,000 Under the step method of cost allocation, the amount of S2 costs allocated to S1 would be:
A. $0. B. $42,000. C. $40,000. D. $20,000.
A financial statement audit is a systematic process of objectively obtaining and evaluating evidence
a. True b. False Indicate whether the statement is true or false
A coffee shop is considering the purchase of a new machine. The machine costs $1,200. The shop will be able to sell a new drink for $3 per drink with a cost per drink of $2. What is the break-even quantity for the machine?
a. 1,000 drinks b. 600 drinks c. 3 drinks d. 1,200 drinks
The operational parameter concerned with the number of units completed per unit time (such as per week or per month) is
A) production rate. B) workforce. C) overtime. D) backlog.