Limited partners of a limited liability limited partnership (LLLP) are involved in the management functions of the partnership

Off Road Concepts, Inc produces a special kind of light-weight, recreational vehicle that has a unique design

It allows the company to follow a cost-plus pricing strategy. It has $9,000,000 of average assets, and the desired profit is a 7% return on assets. Assume all products produced are sold. Additional data are as follows: Sales volume 2,000 units per year Variable costs $1,000 per unit Fixed costs $3,500,000 per year Using the cost-plus pricing approach, what should be the sales price per unit? A) $3,065 B) $8,000 C) $1,070 D) $1,000

Durable products normally require less personal selling and service and less seller guarantees than nondurable goods

Indicate whether the statement is true or false