On February 12, Addison, Inc purchased 6,000 shares of Lucas Company at $22 per share plus a $240 brokerage fee. On August 22, Lucas paid a $0.42 dividend per share. On November 10, 4,000 shares of Lucas stock were sold for $28 per share less a $160 brokerage fee. The journal entry to record the purchase would include a
a. debit to Investments for $132,000
b. credit to Cash for $132,000
c. debit to Investments for $132,240
d. credit to Investments for $240
c
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Answer the following statement true (T) or false (F)
What does the 80/20 principle propose?
A. Roughly 80 percent of the profit comes from 20 percent of the sales. B. Roughly 80 percent of a firm's customers are repeat business. C. Roughly 50 percent of a firm's customers purchase 80 percent of the sales volume of the product. D. Roughly 20 percent of a firm's customers purchase 80 percent of the sales volume of the product. E. Sales are equally divided among heavy, medium, and light users, but they all need slightly different products.
If we reject a null hypothesis at the 0.05 level of significance, then we must also reject it at the 0.10 level
Indicate whether the statement is true or false
_____ can be defined as the sum of all purchased goods and services that are not a direct part of products or services delivered to the customer
a. Direct spend b. MRO c. Indirect spend d. Consignment inventory e. Kanban