Users, businesses, and application providers share a common efficiency objective that involves operating within time and cost constraints

Indicate whether the statement is true or false


TRUE

Business

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Lush Lawn, Inc. produces and sells electric lawn trimmers for $120 each. The variable costs of each mower total $80 while total monthly fixed costs are $6,000. Current monthly sales are $48,000. Required:1) Compute the company's current break-even point in units and dollars.2) What is the company's current margin of safety in units, dollars, and percentage?

What will be an ideal response?

Business

Which of the following statements about customer value is most accurate?

A. Research suggests that firms can be most successful by being all things to all consumers. B. It is impossible to place a dollar value on a loyal, satisfied customer. C. Loyal customers are less profitable to firms in the long run since they expect lower prices over time in order to remain loyal. D. Target customers assess customer value in terms of the combination of benefits (quality, convenience, etc.), regardless of the price. E. To create value for targeted buyers, firms must build long-term relationships with them.

Business

______________________ is either the bond's face value minus any unamortized discount or plus any unamortized premium

Fill in the blank(s) with correct word

Business

Allowance for Bad Debts is a(n)

a. contra-sales account; b. liability account; c. asset; d. contra-asset; e. contra-liability.

Business