Which of the following statements characterizes a performance report prepared for use by a production line department head?
a. The costs in the report should include only those controllable by the department head.
b. The report should be stated in dollars rather than in physical units so the department head knows the financial magnitude of any variances.
c. The report should include information on all costs chargeable to the department, regardless of their origin or control.
d. It is more important that the report be precise than timely.
a
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When negotiators act as agents in the negotiation process, when they are not necessarily presenting their own issues and interests but also representing the perspective of others who may or may not be at the table, they are in a situation called a(n)
A. bystander relationship. B. audience relationship. C. negotiator relationship. D. agency relationship.
A company's warehouse contents were destroyed by a flood on September 12. The following information was the only information that was salvaged: 1. Inventory, beginning: $28,700 2. Purchases for the period: $17,700 3. Sales for the period: $55,700 4. Sales returns for the period: $770 The company's average gross profit ratio is 33%. What is the estimated cost of the lost inventory?
A. $31,088.00. B. $28,273.10. C. $46,400.00. D. $9596.90. E. $45,400.00.
An item sold at or below cost in order to attract customers is called
a. a rain check. b. a loss leader. c. bait. d. the switch.
Purchasing office supplies on account will:
A. Not change assets. B. Increase assets and increase stockholders' equity. C. Increase assets and decrease liabilities. D. Increase assets and increase liabilities.