Use the Following Information for Questions
Caltreck Manufacturing Inc

question 33

Multiple Choice

Use the following information for questions
Caltreck Manufacturing Inc.'s accounting records reflect the following inventories: $\begin{array}{lrr}&\text { Dec. } 31,2015&\text { Dec. } 31,2016\\\text { Raw materials inventory } & \$ 100,000 & \$ 80,000 \\\text { Work in process inventory } & 130,000 & 145,000 \\\text { Finished goods inventory } & 125,000 & 115,000\end{array}$ During 2016, Caltreck purchased $950,000 of raw materials, incurred direct labour costs of $125,000, and incurred manufacturing overhead totalling $160,000.
-Assume Caltreck Manufacturing's cost of goods manufactured for 2016 amounted to $1,200,000.How much would it report as cost of goods sold for the year?

• A)$1,210,000
• B)$1,250,000
• C)$1,325,000
• D)$1,190,000

Recognize the importance of personalizing the marketing mix to retain and attract customers.

Understand the concept of customer loyalty and different types of loyalty.

Evaluate the financial impact of customer retention and the dynamics of acquisition costs.

Identify the criteria for prioritizing customer relationships and investments.

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Definitions:

Commitment

A pledge or promise to do something; showing dedication and loyalty to a cause, activity, or job.

Henry David Thoreau

A 19th-century American essayist, poet, and philosopher known for his writings on natural history, social critique, and civil disobedience.

Dreams

A series of thoughts, images, and sensations occurring in a person's mind during sleep.

Success

The achievement of set goals, accomplishments, or the attainment of wealth, position, honors, or the like.