Product planning tells you: A. Where you will produce your product. B. Cost to produce your product. C. Your Net profit. D. Total revenues.

Product planning tells you:
 A. Where you will produce your product.
B. Cost to produce your product.
 C. Your Net profit.
 D. Total revenues.
by

1 Answer

Answer :

B. Cost to produce your product.
by

Related questions

To figure the Net Profit: A. Add up the ticket sales from selling day. B. Add up the ticket sales from selling day and subtract the cost of the ingredients. C. Add up cost to produc3 the product and subtract the total sales. D. Add the cost to produce the product and add the total sales.

Description : To figure the Net Profit: A. Add up the ticket sales from selling day. B. Add up the ticket sales from selling day and subtract the cost of the ingredients. C. Add up cost to produc3 the product and subtract the total sales. D. Add the cost to produce the product and add the total sales.

Last Answer : A. Add up the ticket sales from selling day.

Net profit is the: A. Amount of money you get for profit lab. B. Amount of money collected from selling products. C. Amount of money your product costs to produce. D. Has nothing to do with money.

Description : Net profit is the: A. Amount of money you get for profit lab. B. Amount of money collected from selling products. C. Amount of money your product costs to produce. D. Has nothing to do with money.

Last Answer : B. Amount of money collected from selling products.

To figure the Gross Profit: A. Add up the ticket sales from selling day. B. Add up the ticket sales from selling day and subtract the cost of the ingredients. C. Add up cost to produce the product and subtract the total sales. D. Add the cost to produce the product and add the total sales.

Description : To figure the Gross Profit: A. Add up the ticket sales from selling day. B. Add up the ticket sales from selling day and subtract the cost of the ingredients. C. Add up cost to produce the product and subtract the total sales. D. Add the cost to produce the product and add the total sales.

Last Answer : B. Add up the ticket sales from selling day and subtract the cost of the ingredients.

Gross profit is the A. Amount of money you get for profit lab. B. Amount of money collected from selling products. C. Amount of money your product costs to produce. D. Has nothing to do with money.

Description : Gross profit is the A. Amount of money you get for profit lab. B. Amount of money collected from selling products. C. Amount of money your product costs to produce. D. Has nothing to do with money.

Last Answer : A. Amount of money you get for profit lab.

A market survey is important because it tells you: A. How many & what types of people are shopping at a store. B. Tells you what the customer will buy. C. Tells you how much the customer will pay for the product. D. All of the above.

Description : A market survey is important because it tells you: A. How many & what types of people are shopping at a store. B. Tells you what the customer will buy. C. Tells you how much the customer will pay for the product. D. All of the above.

Last Answer : D. All of the above.

Cost per serving means: A. How much it will cost to produce one recipe. B. How much it will cost to produce what you sell in one day. C. How much it will cost to make “One.” D. How much it will cost to make one batch.

Description : Cost per serving means: A. How much it will cost to produce one recipe. B. How much it will cost to produce what you sell in one day. C. How much it will cost to make “One.” D. How much it will cost to make one batch.

Last Answer : C. How much it will cost to make “One.”

What things could you change to adjust your profit? A. Price. B. Number. C. Less expensive supply sources. D. All of the above.

Description : What things could you change to adjust your profit? A. Price. B. Number. C. Less expensive supply sources. D. All of the above.

Last Answer : D. All of the above.

Define Free Enterprise: A. A business taking a risk to make a profit. B. A program administered by the Government. C. People in business trying to make a profit. D. A business adventure or undertaking.

Description : Define Free Enterprise: A. A business taking a risk to make a profit. B. A program administered by the Government. C. People in business trying to make a profit. D. A business adventure or undertaking.

Last Answer : A. A business taking a risk to make a profit.

What is an entrepreneur? A. Someone who invests time and money to start a business. B. Someone who makes a lot of money. C. Someone who takes a risk to make a profit. D. Both A & C.

Description : What is an entrepreneur? A. Someone who invests time and money to start a business. B. Someone who makes a lot of money. C. Someone who takes a risk to make a profit. D. Both A & C.

Last Answer : D. Both A & C.

Quality Control is defined as: A. Controlling the cost of the product. B. Controlling the number of pieces produced. C. Producing & monitoring products so they are acceptable to the consumer. D. Producing & monitoring products so they are acceptable to the workers.

Description : Quality Control is defined as: A. Controlling the cost of the product. B. Controlling the number of pieces produced. C. Producing & monitoring products so they are acceptable to the consumer. D. Producing & monitoring products so they are acceptable to the workers.

Last Answer : C. Producing & monitoring products so they are acceptable to the consumer.

What makes a good advertisement? (Choose the best combination) A. Color, Attracts attention, ingredients in product. B. Name of product, price, location, attractive. C. Easy to read, price, color, location, why customers should buy it. D. Nutritional information, price, color, where to buy it, easy to read.

Description : What makes a good advertisement? (Choose the best combination) A. Color, Attracts attention, ingredients in product. B. Name of product, price, location, attractive. C. Easy to read, price, color, ... should buy it. D. Nutritional information, price, color, where to buy it, easy to read.

Last Answer : B. Name of product, price, location, attractive.

Capital is: A. Money available to invest. B. Prohibitive cost of entry. C. A guarantee that a company will be successful. D. A & B.

Description : Capital is: A. Money available to invest. B. Prohibitive cost of entry. C. A guarantee that a company will be successful. D. A & B.

Last Answer : A

If a customer’s bill totals $.65 and the customer gives you $1.00, the correct amount of change (according to our worksheet) would be: A. 3 dimes and 1 nickel. B. 5 pennies and 3 dimes. C. 1 quarter and 1 dime. D. 1 quarter and 2 nickels.

Description : If a customer’s bill totals $.65 and the customer gives you $1.00, the correct amount of change (according to our worksheet) would be: A. 3 dimes and 1 nickel. B. 5 pennies and 3 dimes. C. 1 quarter and 1 dime. D. 1 quarter and 2 nickels.

Last Answer : C. 1 quarter and 1 dime.

When counting change back to a customer, you should always give the ____________ amount of coins possible. A. best. B. least. C. most. D. correct.

Description : When counting change back to a customer, you should always give the ____________ amount of coins possible. A. best. B. least. C. most. D. correct.

Last Answer : B. least.

Marcy ordered one cheeseburger, a large fry, a milkshake for herself and one for a friend. How much does she owe? A. $3.75. B. $2.90. C. $4.25. D. $4.00.

Description : Marcy ordered one cheeseburger, a large fry, a milkshake for herself and one for a friend. How much does she owe? A. $3.75. B. $2.90. C. $4.25. D. $4.00.

Last Answer : D. $4.00.

The bus driver ordered 2 hot dogs, a small fry, and a milkshake. A. $3.00. B. $3.15. C. $3.20. D. $3.25.

Description : The bus driver ordered 2 hot dogs, a small fry, and a milkshake. A. $3.00. B. $3.15. C. $3.20. D. $3.25.

Last Answer : D. $3.25.

10 people ordered 1 hamburger with lettuce, tomato, onion, and a small drink. A. $1.85. B. $1.80. C. $18.50. D. $18.00.

Description : 10 people ordered 1 hamburger with lettuce, tomato, onion, and a small drink. A. $1.85. B. $1.80. C. $18.50. D. $18.00.

Last Answer : C. $18.50.

Making a purchase you had not planned is called: A. Consumer shopping. B. A warranty. C. Impulse buying. D. Comparison shopping.

Description : Making a purchase you had not planned is called: A. Consumer shopping. B. A warranty. C. Impulse buying. D. Comparison shopping.

Last Answer : C. Impulse buying.

The following are included in a business plan A. Financial information, production plans, personnel policies. B. Goals of the business and how they will be achieved. C. A step by step plan for the success of your business. D. All of the above.

Description : The following are included in a business plan A. Financial information, production plans, personnel policies. B. Goals of the business and how they will be achieved. C. A step by step plan for the success of your business. D. All of the above.

Last Answer : C. A step by step plan for the success of your business.

While computation of profit in marginal costing A. Total marginal cost is deducted from total sales revenues B. Total marginal cost is added to total sales revenues C. Fixed cost is added to contribution D. None of the above

Description : While computation of profit in marginal costing A. Total marginal cost is deducted from total sales revenues B. Total marginal cost is added to total sales revenues C. Fixed cost is added to contribution D. None of the above

Last Answer : A. Total marginal cost is deducted from total sales revenues

Indicate which one of the following would appear on the income statement of both a merchandising company and a service company. a. Gross profit b. Operating expenses c. Sales revenues d. Cost of goods sold

Description : Indicate which one of the following would appear on the income statement of both a merchandising company and a service company. a. Gross profit b. Operating expenses c. Sales revenues d. Cost of goods sold

Last Answer : b. Operating expenses

. Income from operations will always result if a. the cost of goods sold exceeds operating expenses. b. revenues exceed cost of goods sold. c. revenues exceed operating expenses. d. gross profit exceeds operating expenses.

Description : . Income from operations will always result if a. the cost of goods sold exceeds operating expenses. b. revenues exceed cost of goods sold. c. revenues exceed operating expenses. d. gross profit exceeds operating expenses.

Last Answer : b. revenues exceed cost of goods sold.

A segment of activity or area of operation for which revenues are accumulated is known as ------ a) Cost centre b) Profit centre c) Revenue centre d) Investment centre

Description : A segment of activity or area of operation for which revenues are accumulated is known as ------ a) Cost centre b) Profit centre c) Revenue centre d) Investment centre

Last Answer : c) Revenue centre

The Firm is at equilibrium where: A. Output is maximum B. Profit is Maximum C. Revenues are Maximum D. Profit is Minimum

Description : The Firm is at equilibrium where: A. Output is maximum B. Profit is Maximum C. Revenues are Maximum D. Profit is Minimum

Last Answer : ANSWER: B

A segment of activity for which revenues are accumulated a) investment centre b) profit centre c) revenue centre d) Responsibility

Description : A segment of activity for which revenues are accumulated a) investment centre b) profit centre c) revenue centre d) Responsibility

Last Answer : c) revenue centre

The situation in which total Revenues equals total cost, is known as : (1) Monopolistic competition (2) Equilibrium level of output. (3) Break even point (4) Perfect competition

Description : The situation in which total Revenues equals total cost, is known as : (1) Monopolistic competition (2) Equilibrium level of output. (3) Break even point (4) Perfect competition

Last Answer : (3) Break even point Explanation: In economics and cost accounting, the break-even point (BEP) is the point at which cost or expenses and revenue are equal: there is no net loss or gain, and one has "broken even."

Many sophisticated techniques or tolls are useful in decision-making. Which of the following is a tool that helps managers figure out how much to produce and points out the relationship between revenues, costs, and profits? (a) Marginal analysis ; (b) Breakeven analysis ; (c) Ratio analysis ; (d) Financial analysis

Description : Many sophisticated techniques or tolls are useful in decision-making. Which of the following is a tool that helps managers figure out how much to produce and points out the relationship between revenues, ... Marginal analysis ; (b) Breakeven analysis ; (c) Ratio analysis ; (d) Financial analysis

Last Answer : (b) Breakeven analysis ;

Pick out the wrong statement. (A) Net worth means paid up share capital and reserve & surplus (i.e. shareholders equity) (B) Return on equity = profit after tax/net worth (C) Working capital turnover ratio = sales/net working capital (D) Total cost of production is more than net sales realisation (NSR) at breakeven point

Description : Pick out the wrong statement. (A) Net worth means paid up share capital and reserve & surplus (i.e. shareholders equity) (B) Return on equity = profit after tax/net worth (C) Working ... /net working capital (D) Total cost of production is more than net sales realisation (NSR) at breakeven point

Last Answer : (D) Total cost of production is more than net sales realisation (NSR) at breakeven point

Pick out the wrong statement. (A) Gross margin = net income - net expenditure (B) Net sales realisation (NSR) = Gross sales - selling expenses (C) At breakeven point, NSR is more than the total production cost (D) Net profit = Gross margin - depreciation - interest

Description : Pick out the wrong statement. (A) Gross margin = net income - net expenditure (B) Net sales realisation (NSR) = Gross sales - selling expenses (C) At breakeven point, NSR is more than the total production cost (D) Net profit = Gross margin - depreciation - interest

Last Answer : (C) At breakeven point, NSR is more than the total production cost

Difference between average cost and average revenue is (a) total profit (b) net profit © average profit (d) marginal profit

Description : Difference between average cost and average revenue is (a) total profit (b) net profit © average profit (d) marginal profit

Last Answer : © average profit

The transportation method, when applied to location analysis a. minimizes total fixed costs b. minimizes total production and transportation costs c. maximizes maximizes revenues revenues d. minimizes minimizes the movement movement of goods

Description : The transportation method, when applied to location analysis a. minimizes total fixed costs b. minimizes total production and transportation costs c. maximizes maximizes revenues revenues d. minimizes minimizes the movement movement of goods

Last Answer : b. minimizes total production and transportation costs

Watson Corporation's Chairman tells the firm's managers that the key to social responsibility is to: A)watch profit impacts very carefully. B)maintain an updated code of ethics. C)monitor changes and trends in society's values. D)carefully interpret all new legislation.

Description : Watson Corporation's Chairman tells the firm's managers that the key to social responsibility is to: A)watch profit impacts very carefully. B)maintain an updated code of ethics. C)monitor changes and trends in society's values. D)carefully interpret all new legislation.

Last Answer : C)monitor changes and trends in society's values.

Expenses need to be recorded in the period in which the associated revenues are recognised. This is to be ensured as per which one of the following accounting principles ? (A) Revenue recognition (B) Cost benefit (C) Matching (D) Periodicity

Description : Expenses need to be recorded in the period in which the associated revenues are recognised. This is to be ensured as per which one of the following accounting principles ? (A) Revenue recognition (B) Cost benefit (C) Matching (D) Periodicity

Last Answer : Answer: Revenue recognition

Friends of mine are planning to get married sometime next year. Should they choose to be different ?Or choose something that tells how special their love for one another is?

Description : Friends of mine are planning to get married sometime next year. Should they choose to be different ?Or choose something that tells how special their love for one another is?

Last Answer : I think they must solve this themselves. If they can’t, they should seriously consider calling it off. You’d do best to stay out of it.

Pick out the wrong statement. (A) Gross revenue is that total amount of capital received as a result of the sale of goods or service (B) Net revenue is the total profit remaining after deducting all costs excluding taxes (C) The ratio of immediately available cash to the total current liabilities is known as the cash ratio (D) Consolidated income statement based on a given time period indicates surplus capital and shows the relationship among total income, costs & profit over the time interval

Description : Pick out the wrong statement. (A) Gross revenue is that total amount of capital received as a result of the sale of goods or service (B) Net revenue is the total profit remaining ... indicates surplus capital and shows the relationship among total income, costs & profit over the time interval

Last Answer : (C) Working capital turnover ratio = sales/net working capital

Total managerial remuneration cannot exceed ____% of net profit A. 11 B. 12 C. 13 D. 14

Description : Total managerial remuneration cannot exceed ____% of net profit A. 11 B. 12 C. 13 D. 14

Last Answer : A. 11

In a manufacturing industry, breakeven point occurs, when the (A) Total annual rate of production equals the assigned value (B) Total annual product cost equals the total annual sales (C) Annual profit equals the expected value (D) Annual sales equals the fixed cost

Description : In a manufacturing industry, breakeven point occurs, when the (A) Total annual rate of production equals the assigned value (B) Total annual product cost equals the total annual sales (C) Annual profit equals the expected value (D) Annual sales equals the fixed cost

Last Answer : (B) Total annual product cost equals the total annual sales

Total cost of a product: Rs. 10,000 Profit: 25% on Selling Price Profit is: (a) Rs. 2,500 (b) Rs. 3,000 (c) Rs. 3,333 (d) Rs. 2,000

Description : Total cost of a product: Rs. 10,000 Profit: 25% on Selling Price Profit is: (a) Rs. 2,500 (b) Rs. 3,000 (c) Rs. 3,333 (d) Rs. 2,000

Last Answer : (b) Rs. 2,80,000

The ratio of the cost price of product A to that of B is 5:7. product A was sold at a profit of 80% and product B was sold at a profit of 20%. If the total profit earned after selling both the (products A and B is Rs 296) what is the difference between the cost prices of product A and B?

Description : The ratio of the cost price of product A to that of B is 5:7. product A was sold at a profit of 80% and product B was sold at a profit of 20%. If the total profit earned after selling both the (products A and B is Rs 296) what is the difference between the cost prices of product A and B?

Last Answer : CP of product A= 5X CP of product B=7x Total price = (5x*0.8)+(7x*0.2) =296 4X+1.4X=296 5.4X=296 x=54.81=55(approx.) difference of the CP= 7x-5x=2x=2*55  = Rs. 110

Compared to the case of perfect competition, a monopolist is more likely to: a. charge a higher price b. produce a lower quantity of the product c. make a greater amount of economic profit d. all of the above

Description : Compared to the case of perfect competition, a monopolist is more likely to: a. charge a higher price b. produce a lower quantity of the product c. make a greater amount of economic profit d. all of the above

Last Answer : d. all of the above

Net Present Value of a machine is A. PV of cash inflows less cost of investment B. PV of cash inflows ÷ cost of investment C. PV of net profit after tax less cost of investment D.PV of cash inflows less average cost of investment

Description : Net Present Value of a machine is  A. PV of cash inflows less cost of investment  B. PV of cash inflows ÷ cost of investment  C. PV of net profit after tax less cost of investment  D.PV of cash inflows less average cost of investment

Last Answer : A. PV of cash inflows less cost of investment

What is the wholesale cost of a dress? a. The dress was listed at a price that would have given the store a profit of 20 percent of the wholesale cost. b. After as 10% discount on the list price, the dress sold for a net profit of 10 Rupees.

Description : What is the wholesale cost of a dress? a. The dress was listed at a price that would have given the store a profit of 20 percent of the wholesale cost. b. After as 10% discount on the list price ... question. e) If the data in statement a, b and c together are not sufficient to answer the question.

Last Answer : Let C be the wholesale price, listed Price be P. from (a), P = 1.2C From (b), 0.9P = C + 10. Using statement (a), 1.2C = C + 10, from this we can determine C. From (C), ... even if we combine information from other statements. So (a) and (b) together are sufficient to answer the question. Answer: c)

Gross profit is calculated by subtracting ________ from _________, a. operating expenses, net income b. sales discounts from sales revenue c. cost of goods sold, net sales revenue d. merchandise inventory, cost of goods sold

Description : Gross profit is calculated by subtracting ________ from _________, a. operating expenses, net income b. sales discounts from sales revenue c. cost of goods sold, net sales revenue d. merchandise inventory, cost of goods sold

Last Answer : c. cost of goods sold, net sales revenue

Ingrid’s Fashions sold merchandise for $38,000 cash during the month of July. Returns that month totaled $800. If the company’s gross profit rate is 40%, Ingrid’s will report monthly net sales revenue and cost of goods sold of a. $38,000 and $22,800. b. $37,200 and $14,880. c. $37,200 and $22,320. d. $38,000 and $22,320.

Description : Ingrid's Fashions sold merchandise for $38,000 cash during the month of July. Returns that month totaled $800. If the company's gross profit rate is 40%, Ingrid's will report monthly net sales revenue and cost of goods ... b. $37,200 and $14,880. c. $37,200 and $22,320. d. $38,000 and $22,320.

Last Answer : c. $37,200 and $22,320.

If a company has sales of $420,000, net sales of $400,000, and cost of goods sold of $260,000, the gross profit rate is a. 67%. b. 65% c. 35%. d. 33%.

Description : If a company has sales of $420,000, net sales of $400,000, and cost of goods sold of $260,000, the gross profit rate is a. 67%. b. 65% c. 35%. d. 33%.

Last Answer : c. 35%.

Gross profit for a merchandiser is net sales minus a. operating expenses. b. cost of goods sold. c. sales discounts. d. cost of goods available for sale.

Description : Gross profit for a merchandiser is net sales minus a. operating expenses. b. cost of goods sold. c. sales discounts. d. cost of goods available for sale.

Last Answer : b. cost of goods sold.

The gross profit rate is computed by dividing gross profit by a. cost of goods sold. b. net income. c. net sales. d. sales.

Description : The gross profit rate is computed by dividing gross profit by a. cost of goods sold. b. net income. c. net sales. d. sales.

Last Answer : c. net sales.

If a company has net sales of $500,000 and cost of goods sold of $350,000, the gross profit percentage is a. 70%. b. 30%. c. 15%. d. 100%.

Description : If a company has net sales of $500,000 and cost of goods sold of $350,000, the gross profit percentage is a. 70%. b. 30%. c. 15%. d. 100%.

Last Answer : b. 30%

Which one of the following is shown on a multiple-step but not on a single-step income statement? a. Net sales b. Net income c. Gross profit d. Cost of goods sold

Description : Which one of the following is shown on a multiple-step but not on a single-step income statement? a. Net sales b. Net income c. Gross profit d. Cost of goods sold

Last Answer : c. Gross profit

Sales revenue less cost of goods sold is called a. gross profit. b. net profit. c. net income. d. marginal income.

Description : Sales revenue less cost of goods sold is called a. gross profit. b. net profit. c. net income. d. marginal income.

Last Answer : a. gross profit.