In a letter or credit, the _______ will be the drawer of the drafts that will be drawn under a letter of credit
A) correspondent bank.
B) issuer.
C) beneficiary.
D) advising bank.
C
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A college store determines space needs for each department on the basis of assortment guidelines for texts, stationery, computer supplies, dormitory needs, and school signature clothing. It determines space needs by _____
a. the sales-productivity ratio b. the model stock approach c. market segment product groupings d. functional product groupings
Hoppe Inc manufactures widgets. Management has determined that each widget has a standard materials cost of $3.50 when 2.5 ounces of raw material at a cost of $1.40 per ounce are used. The static budget for the month of December showed an estimated production of 4,000 widgets in December. During December, 4,300 widgets were actually produced. The actual cost for each widget was $3.60 when 2.25
ounces of raw material at a cost of $1.60 per ounce were purchased and used. What should be the total direct materials cost according to Hoppe's flexible budget for December? A) $14,400 B) $15,050 C) $14,000 D) $15,480
Michelle must write a bad-news message to her staff telling them that their hours next month will be reduced. She has just completed Phase 1 of the prewriting process and is beginning Phase 2. What should she do first?
A) Write the rough draft of her message. B) Select an appropriate color of stationery that will be calming to the reader. C) Analyze the bad news to determine how it will affect the reader. D) Gather information and brainstorm ways to present the reasons for the bad news.
Offers for both bilateral and unilateral contracts involve a promise by the offeror
Indicate whether the statement is true or false