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Ryland Moore
BusinessBusiness
Which of the following is a similarity between goods and services? Question 21 options: A) mass production B) Both have quality standards. C) Both can usually be kept in inventory. D) automation E) consistency
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Juliana Ingram
BusinessBusiness
Assume MIX Inc. has sales volume of $1,126,000 for two products with May sales and contribution margin ratios as follows: Product A: Sales $442,000; Contribution Margin Ratio 30% Product B: Sales $684,000; Contribution Margin Ratio 60% Required: Assume MIX's fixed expenses are $314,000. Calculate the May total contribution margin, operating income, average contribution margin ratio, and breakeven sales volume.
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Kimora Neal
BusinessBusiness
The average length of contracts is longer in low-context cultures than in high-context countries, where a lot of agreements are unspoken. true false
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Kierra Salas
BusinessBusiness
A consumer goods company segments its markets on the basis of purchase patterns of their customers. The company groups its products into heavy, moderate, light users and nonusers. This segmentation approach is an example of:
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Layne
BusinessBusiness
Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible receivables.

Mar. 17: Received $1,980 from Paula Spitler and wrote off the remainder owed of $1,210 as uncollectible. If an amount box does not require an entry, leave it blank.

July 29: Reinstated the account of Paula Spitler and received $1,210 cash in full payment.

Journalize the following transactions, using the allowance method of accounting for uncollectible receivables:

Oct. 2. Received $2,230 from Paula Spitler and wrote off the remainder owed of $2,830 as uncollectible. If an amount box does not require an entry, leave it blank.
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Frances Garrison
BusinessBusiness
It is suggested you use which of the following to learn about the position for which you are being interviewed?

0The job description

O The hiring manager

O Your teacher

O your guidance counselor
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Nathan Ashley
BusinessBusiness
In which stage in the consumer purchase decision process would a consumer ask, "How much can I afford to spend on a new 42-inch LED HDTV?"

- problem recognition

- alternative evaluation

- purchase decision

- evaluation information search
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Logan Pittman
BusinessBusiness
According to the text book, if hurricane conditions are expected within 24 hours, which type of public advisory is posted?
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Bongo
BusinessBusiness
In 1931, President Herbert Hoover was paid a salary of $75,000. Government statistics show a consumer price index of 15.2 for 1931 and 237 for 2015. President Hoover's 1931 salary was equivalent to a 2015 salary of а bout: a) $1,057,894. b) $16,080,001. c) $1,169,408. d) $4,965.
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Cottonball
BusinessBusiness
What is the term for software services that are provided over the Internet, rather than at a physical company site?

A

Mobile Website

B

Cloud computing

C

Ontology

D

Mobile app
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Titus
BusinessBusiness
What part of the microcomputer is considered the "brain" that follows the instructions sent to it by software running on the computer?

A. Random access memory (RAM)

B. Central processor unit (CPU)

C. Monitor

D. Read-only memory (ROM)
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Quinton Ellis
BusinessBusiness
A loan that is less risky for a lender and is associated with a valuable asset is called a (n). Rayna needs to get a new set of tires for her car, so she uses her credit card. If she does not pay her bills, there is no asset that can be collected. This means she has received a (n). Jack agrees to take out a mortgage. If he fails to make his payments, the bank may repossess his house. He has received a (n).
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Cornelius Richard
BusinessBusiness
Howard Co. had the following first-year amounts for a $7,000,000 construction contract: Actual costs $2,000,000 Estimated costs to complete 6,000,000 Progress billings 1,800,000 Cash collected 1,500,000 What amount should Howard recognize as gross profit (loss) using the percentage-of-completion method?

a. ($1,000,000) b. ($200,000) c. $800,000d. $1,750,000
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Jean Yoder
BusinessBusiness
You believe the price of Rose, Inc., stock is going to fall and you've decided to sell 1,000 shares short. If the current share price is $47, construct the equity account balance sheet for this trade. Assume the initial margin is 65 percent. (Do not round intermediate calculations. Input all amounts as positive values.)
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Elisa Finley
BusinessBusiness
Mexico has imposed a tariff on the importation of chocolate. As a consequence of the tariff, a. Mexico as a whole is better off, since the tariff increases employment and production in the domestic chocolate industry. b. Mexico as a whole is better off, since the tariff results in tax revenue for the Mexican government. c. Mexico as a whole is worse off, since producer surplus and consumer surplus both decrease. d. Mexico as a whole is worse off, since the increase in producer surplus is smaller than the drop in consumer surplus plus tariff revenues.
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