J. J. Johnson has decided to supplement his income by selling beehives. He expects to sell 25,000 hives in 2010 . He ended 2009 with 2,500 completed hives in inventory and would like to complete operations in 2010 with at least 2,800 completed hives in inventory. There is no ending work in process inventory. One beehive holds about 250 bees. The bees are purchased for $4.00 per 1,000 bees. The
hives sell for $15.00 each. How many beehives would the 2010 production budget identify as needing to be produced?
a. 25,300
b. 25,000
c. 30,300
d. 24,700
A
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Answer the following statement true (T) or false (F)
The following are advantages of decentralization except:
A) Managers make better decisions when closer to the operation of the company. B) Expertise in all areas of the business is difficult, decentralization makes it better to delegate certain responsibilities. C) Each decentralized operation purchases their own assets and pays for operating costs. D) Decentralized managers can respond quickly to customer satisfaction and quality service.
No apparent authority exists where the third party knows that the agent has no actual authority
a. True b. False Indicate whether the statement is true or false
A valid gift requires a
a. delivery of the gift. b. an intention to make it. c. recording the gift in a public office. d. both a and b.