John Whitaker works for American Greetings. His job description includes the following responsibilities: (1) stock and arrange point-of-purchase displays of present customers - 60 percent of his work week and (2) receive orders from customers and complete the transactions - 40 percent of his work week. Whitaker is primarily engaged in which type of selling?
A. outside order getting
B. inside order taking
C. missionary sales
D. relationship selling
E. outside order taking
Answer: E
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Ferric Chemicals, Inc. has fixed costs of $34,000 per month. The highest production volume during the year was in January when 100,000 units were produced, 71,000 units were sold, and total costs of $640,000 were incurred. In June, the company produced only 60,000 units. What was the total cost incurred in June? (Round any intermediate calculations to the nearest cent and your final answer to the nearest dollar.)
A) $363,600 B) $397,600 C) $640,000 D) $674,000
What is the result in cell B4? Note that the function is using a 30/360 day count basis.
a) 0.5
b) 1.0
c) 1.5
d) 2
e) 3
In a period of rising prices, use of the FIFO rather than LIFO inventory cost flow assumption results in
a. a lower cost of goods sold and a lower ending inventory. b. a lower beginning inventory and a lower ending inventory. c. a higher cost of goods sold. d. a lower cost of goods sold and a higher ending inventory. e. none of the above
Identify the different types of social entrepreneurship and explain how they differ.
What will be an ideal response?