On a departmental income statement, sales less cost of goods sold and direct expenses equals:

A) gross margin.
B) income before taxes.
C) indirect expenses.
D) departmental contribution margin.

Minorities constitute less than one-third of the U.S. population.

A metal works fabricator is about to release a new model of his firm's copper sculpture and fountain. The operations manager estimates that this product is subject to a 90% learning rate on labour only-the material bill is not affected by experience. The firm prices its work based on cost-the sum of materials plus 30% and labour plus 50%. (This allows the firm to practice a little "demand management" for its very popular works.) The first item has already been finished; the material bill was $800 and labour totalled 40 hours. The firm pays its metalworking artisans an average of $18 per hour. What should be the asking price of the first unit? The second?

Laws would have no discernible meaning without the courts to interpret them.

When inflation rises, people make

A) less frequent trips to the bank and firms make less frequent price changes.
B) less frequent trips to the bank while firms make more frequent price changes.
C) more frequent trips to the bank while firms make less frequent price changes.
D) more frequent trips to the bank and firms make more frequent price changes.

Under the _________ inventory system, every sale has a corresponding cost entry.