Assume that markup is based on selling price. Find the dollar markup and percent of markup on selling price. (Round your answers to 2 decimal places. Omit the "$" and "%" signs in your response.)

A contract clause that restricts competition for a specified period of time, within a certain geographic area, and for specified activities is known as a (n): a. entire agreement clause. b. arbitration clause. c. cleanup clause. d. noncompete clause.

What is the overall change in cash resulting from: $300 increase in inventories, $150 increase in accounts payable, $120 decrease in accounts receivable, $60 decrease in other current assets, $150 decrease in other current liabilities?

Doreen has preferences represented by the utility function U (x, y) = 10x + 5y. She consumes 10 units of good x and 12 units of good y.

The ending inventory was 85% complete with respect to materials and 75% complete with respect to conversion costs. How many units are in ending work in process inventory in the first processing department at the end of the month?

A sound allocation system should: be cheap and easy to administer provide incentives for cost control charge in proportion to amount used or benefit received be perceived as equitable by those who are charged be all of the above

If Q equals the units sold, P is the selling price per unit, V is the variable expense per unit, and F is the fixed expense, then the degree of operating leverage is equal to: a. Q / (P-V). b. F / (P-V). c. F/[ (P-V) / P]. d. [ (P-V) Q]/[ (P-V) Q-F].

A theater is presenting a program on drinking and driving for students and their parents or other responsible adults. The proceeds will be donated to a local alcohol information center. Admission is $ 2.00 for adults and $ 1.00 for students.

When it comes to pricing strategies, consumers are generally more sensitive to price increases than price decreases?

You create a survey and administer it five times under identical conditions. because it yielded completely different results each time, you should conclude that this survey is

X Corp. realizes the market trends are changing and it needs to come up with a new product. Managers at X Corp. are using the rational decision-making process.