An employee may not act in the capacity of an agent.
Answer the following statement true (T) or false (F)
False
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The modern customer-oriented organization chart places top management at the top of the pyramid
Indicate whether the statement is true or false
The _____ considers several factors such as the item's cost, the discount schedule for large quantities, the cost of warehousing ordered parts, the cost of alternative uses of the money, and other factors affecting the cost of ordering the item.
Fill in the blank(s) with the appropriate word(s).
When evaluating the cash flows associated with a capital budgeting project, the shipping and installation costs associated with the purchase of an asset are included in the computation of the:
A. initial investment outlay, because these expenses are part of the project's depreciable basis. B. incremental operating cash flows, because shipping and installation costs represent expenses that must be written off annually over the life of the project. C. terminal cash flows, because these expenses are not paid until the end of the project's life. D. sunk costs, because these expenses do not affect any cash flows associated with purchasing the project. E. project's opportunity cost, because these costs increase the potential of the project.
Jenkins Company purchased a commercial umbrella policy with a $10 million limit and a $100,000 self-insured retention
The insurer required Jenkins Company to carry a $1 million per-occurrence limit on its general liability policy and a $1 million per-occurrence limit on its business auto policy. Jenkins purchased these required limits. A Jenkins driver was negligent while operating a company vehicle and killed another motorist. The court ruled that Jenkins must pay $5 million. How much of this amount will be paid by the umbrella policy? A) $1.0 million B) $3.9 million C) $4.0 million D) $5.0 million