American accounting standards are becoming the basis for a global set of standards
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: The SEC now allows some large American companies to use the international accounting standards, established by the International Accounting Standards Board. The purpose of this and other moves it has made is to move the world toward one set of standards.
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Brooks Corporation can sell all the units it can produce of either Plain or Fancy but not both. Plain has a unit contribution margin of $120 and takes two machine hours to make and Fancy has a unit contribution margin of $150 and takes three machine hours to make. There are 2,400 machine hours available to manufacture a product. What should Brooks do?
a. Make Fancy which creates $30 more profit per unit than Plain does. b. Make Plain which creates $10 more profit per machine hour than Fancy does. c. Make Plain because more units can be made and sold than Fancy. d. The same total profits exist regardless of which product is made.
What are the different functions of the members of a marketing channel?
What will be an ideal response?