Which of the following conditions would enable higher market share to produce higher profits?
A) when unit costs drop as market share increases
B) when unit costs increase as market share increases
C) when production volume drops as market share increases
D) when production volume remains unaltered as market share increases
E) when the company fails to break even
A
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The following information pertained to Azur Co. for the year: Purchases: $102,800 Purchase discounts: $10,280 Freight in: $15,420 Freight out: $5,140 Beginning inventory: $30,840 Ending inventory: $20,560 What amount should Azur report as cost of goods sold for the year?
a. $102,800 b. $118,220 c. $123,360 d. $128,500
If the population is believed to have a skewed distribution for one of more of its distinguishing factors, which of the following should be used?
A) simple random B) systematic C) cluster D) stratified E) convenient skip