Finance charges apply only to balances that were not paid in full before their due date in the current billing period

A company has two different products that sell to separate markets

Financial data are as follows: Product A Product B Total Revenue $15,000 $9,000 $24,000 Variable costs (8,000 ) (9,200 ) (17,200 ) Fixed costs (allocated) (2,000 ) (1,000 ) (3,000 ) Operating income (loss) $5,000 $(1,200 ) $3,800 Assume that fixed costs are all unavoidable and that dropping one product would not impact sales of the other. Because the contribution margin of Product B is negative, it should be dropped. Indicate whether the statement is true or false

Distinguish between treaties and conventions

What will be an ideal response?