Assume that Calamar Corp. has sales of $7.5 million and accounts payable of $450,000. The corporation utilizes the percent-of-sales method of financial forecasting
If Calamar is expected to generate sales of $9 million next year, what will the firm's accounts payable be?
A) $540,000
B) $450,000
C) $405,000
D) None of the above
Answer: A
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Custom Furniture manufactures a small table and a large table
The small table sells for $900, has variable costs of $560 per table, and takes 10 direct labor hours to manufacture. The large table sells for $1,500, has variable costs of $1,000, and takes eight direct labor hours to manufacture. Calculate the contribution margin per direct labor hour for the small table. A) $340 per direct labor hour B) $50 per direct labor hour C) $34 per direct labor hour D) $56 per direct labor hour
The marketing intelligence system gathers information generated by internal reports, which includes order billing, receivables, inventory levels, stockouts, and so on
Indicate whether the statement is true or false