Which type of manufacturer-owned wholesaler does not maintain an inventory, but sells the manufacturer’s products and could be considered to be a sales force owned by the manufacturer?
a. agents
b. brokers
c. sales office
d. sales branch
e. drop shipper
c. sales office
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An overstatement of ending inventory in a period will result in an understatement of gross margin in that period
Indicate whether the statement is true or false
Counseling may be recommended for repatriated children as they are usually three to four years retarded socially
Indicate whether the statement is true or false.
Harrison, an employee of Saft Associates, Inc, has gross salary for March of $4,000
The entire amount is under the OASDI limit of $117,000 and thus subject to FICA. He is also subject to federal income tax at a rate of 18%. Harrison has a deduction of $320 for health insurance and $80 for United Way. Which of the following is included in the entry to record the disbursement of his net pay? A) credit to Salaries and Wages Payable B) debit to United Way Payable C) debit to FICA Taxes Payable D) credit to Cash
Smalltime Investments Inc is going to purchase new computers for most of the employees. There are ten employees, and at least eight computers must be purchased
The cost of the basic personal computer with monitor and disk drive is $2,000, while the deluxe version with VGA and advanced processor is $3,500. Due to internal politics, the number of deluxe computers must be no more than half the number of regular computers, but at least three deluxe computers must be purchased. The budget is $27,000. Formulate this as an integer programming problem to maximize the number of computers purchased.