When one party clearly sees that the other contracting party will either not perform a substantial part of the contract, this is a:
A) Breach of contract
B) Anticipatory Breach.
C) Impossibility of performance.
D) Force Majeure.
B
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Designer Furniture began June with merchandise inventory of 45 sofas that cost a total of $31,500. During the month, Designer Furniture purchased and sold merchandise on account as follows:
Prepare a perpetual inventory record, using the LIFO inventory costing method, and determine the company's cost of goods sold, ending merchandise inventory, and gross profit.
The Clydesdale Company has sales of $4,500,000. It also has invested assets of $2,000,000 and operating expenses of $3,600,000. The company has established a minimum rate of return of 7%. What is Clydesdale Company's profit margin?
A) 20% B) 80% C) 44.4% D) 18%
Job enlargement involves the process of horizontal job loading, meaning that
A. the employee is assigned more tasks to perform. B. the jobs are broken into small, component parts. C. each employee is given a specialized task to perform. D. the employee is assigned less monotonous and routine tasks. E. the employee is assigned tasks with more responsibility.
The "red-line method" refers to:?
A. the policy of drawing a red line around certain neighborhoods on a map and then refusing to sell on credit to people who live within those areas.? B. ?restrictions imposed on companies which use a just-in-time inventory system. C. ?a red line that shows the maximum amount of credit that should be extended to a customer. D. ?a method of controlling inventories by drawing a red line around the inside of a bin. E. ?a method of controlling receivables by drawing a red line on invoices of companies that are expected to pay late.