For Franklin, Inc., sales is $1,500,000, fixed expenses are $450,000, and the contribution margin ratio is 36%. What are the total variable expenses?

Which of the following is an advantage of distributor storage with carrier delivery?

A) Inventory cost is higher than with manufacturer storage. B) Product variety is lower than with manufacturer storage. C) Order visibility for the customer is easier than with manufacturer storage. D) Higher cost to provide the same level of product availability as manufacturer storage.

If income tax rates were lowered, then

A) the interest rate on municipal bonds would fall. B) the interest rate on Treasury bonds would rise. C) the interest rate on municipal bonds would rise. D) the price of Treasury bonds would fall.