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What percentage markups on cost are equivalent to the following percentage markups on selling price (retail): Discuss importance
20, 37.5, 50, and 66 2/3?
What percentage markups on selling price are equivalent to the following percentage markups on cost: 33 1/3, 20, 40, and 50? Discuss importance.
What is your view on the following statements:
Describe the issues surrounding the effective measurement of a firm's cost behaviour). Describe the importance and limitations of financial ratio analysis
What would you include in a job description for a new cashier? How about a sales person? What is included on your job description? Are there functions you perform that are not in your job description?
Discuss the ethical issues
With possibility that the US Congress will relax restrictions on cutting old growth, a local lumber company is considering expanding its facilities. They can sell the lumber for .18 a board foot. The tax rate for company is 30%. The company has th..
Bulkboy Fitness Equipment, Inc. was recently created to produce and sell its "Biception" arm machine. Bulkboy decided to use a standard cost system to record costs related to the production of this product.
Last year, Vera Corporation budgeted for production and sales of 20,000 cloth handbags. Vera manufactured and sold 19,250 handbags. Each handbag has the standard requiring 4 feet of material at the budgeted cost of $2.50 per foot and 45 minutes of..
Compare bottom-line financial results of using the fixed budget and flexible budget if volumes (a) increase by 10% or (b) decrease by 10%.
Five years ago, Jack Cadence left his position at the large company to start Advanced Technologies Co. (ATC), a software design company. ATC's first product was the unique software package which seamlessly integrates networked PCs.
What are the differences between a direct cost and an indirect cost? Which is the more difficult cost to track? Why? How do indirect costs affect the cost of a product? Should indirect costs be included in product cost?
As you run the simulation keep track of your decisions and keep track of the results - both financial and marketing. You can copy and paste the results into Excel or into a Word document.
What relevant costs might you consider in deciding whether to accept the order at reduced selling price? What costs would you not consider when making your decision? Why are these costs not relevant?
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