Answer:
1) See the attached excel file for the analysis of the possible operating income for Classic Limo, Inc.
2) The scenario with the highest operating profit $280,500 which is Excellent with $40 Contribution Margin and 10,500 Numbers of Customers.
Explanation:
1) Using the above information, construct an Excel spreadsheet to prepare an analysis of the possible operating income for Classic Limo, Inc.
Note: See the attached excel file for the analysis of the possible operating income for Classic Limo, Inc.
2) If you were manager of Classic Limo, Inc. and had to choose only one budget scenario to use for planning for the year, which one of the nine scenarios would you choose?
The scenario that would be chosen is the scenario with the highest operating profit $280,500 which is Excellent with $40 Contribution Margin and 10,500 Numbers of Customers.
 
        
             
        
        
        
Answer:
The correct answer is letter "D": Opportunity cost.
Explanation:
Opportunity cost is described as the return of the choice selected over the potential return that could have been obtained from the choice left  behind. It represents the return of the option chosen compared to the choice forgone. Opportunity costs is also defined as the return of the best next available option.
 
        
             
        
        
        
Answer: $603,500
Explanation:
Ending inventory in 2014;
= Ending inventory balance 2013 + (( * 100) - ending inventory 2013)) * Price index 2014/100
 * 100) - ending inventory 2013)) * Price index 2014/100
= 550,000 + (( ) - 550,000)) * 107/100
) - 550,000)) * 107/100
= $603,500
 
        
             
        
        
        
Answer:
True
Explanation:
Experiments regarding consumer behavior have shown that consumers usually expect a product to have a certain price that serves as a reference price that they use to determine if a retailer's price is high (more expensive than the reference price) or low (cheaper than the reference price).
It is normal (but unethical) that some retailers increase their prices a little before starting a sales campaign, since a higher reference price will make consumers believe that the offer is even better.  
 
        
             
        
        
        
Answer:
What experience do you have in this field of work?
Why do you think you're a good fit for this company/job position?
Explanation: