No new evidence or testimony is heard in the state supreme courts

Universal Corporation is concerned about their current bad debt ratio of 6%. The CFO believes imposing a more stringent credit policy may reduce sales by 5% and reduce the bad debt ratio to 4%. If the cost of goods sold is 80% of the selling price, determine if the new policy should be undertaken.

A) Undertake; increase of 8.57% in profits B) Undertake; increase of 9.55% in profits C) Do not undertake; decrease of 9.55% in profits D) Do not undertake; decrease of 8.57% in profits

Materials that are created by the production process from other materials are referred to as _____________

a. Finished Goods (FERT) b. Semi-finished Goods (HALB) c. Trading Goods (HAWA) d. Raw Materials e. None of the above