Market focus is a marketing research firm that organizes focus groups for consumer-product companies. each focus group has eight individuals who are paid $60 per session to provide comments on new products. these focus groups meet in hotels and are led by a trained, independent marketing specialist hired by market focus. each specialist is paid a fixed retainer to conduct a minimum number of sessions and a per session fee of $2,200. a market focus staff member attends each session to ensure that all the logistical aspects run smoothly.

The sticky-price theory asserts that the output prices of some goods and services adjust slowly to changes in the price level. suppose firms announce the prices for their products in advance, based on an expected price level of 100 for the coming year. many of the firms sell their goods through catalogs and face high costs of reprinting if they change prices. the actual price level turns out to be 110. faced with high menu costs, the firms that rely on catalog sales choose not to adjust their prices. sales from catalogs will

True or false: banks are required to make electronically deposited funds available on the same day of the deposit

Aquatic marine stores company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. aquatic uses standard costs to prepare its flexible budget. for the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: direct materials: 3 pounds per unit; $ 6 per pound direct labor: 4 hours per unit; $ 19 per hour during the first quarter, aquatic produced 5 comma 000 units of this product. actual direct materials and direct labor costs were $ 65 comma 000 and $ 330 comma 000, respectively. for the purpose of preparing the flexible budget, calculate the total standard direct materials cost at a production volume of 5 comma 000 units.