The following cost data pertain to the operations of Quinonez Department Stores, Inc., for the month of September. Corporate headquarters building lease$77,000Cosmetics Department sales commissions--Northridge Store$4,000Corporate legal office salaries$59,000Store manager's salary-Northridge Store$11,000Heating-Northridge Store$10,000Cosmetics Department cost of sales--Northridge Store$37,000Central warehouse lease cost$16,000Store security-Northridge Store$12,000Cosmetics Department manager's salary--Northridge Store$4,000 The Northridge Store is just one of many stores owned and operated by the company. The Cosmetics Department is one of many departments at the Northridge Store. The central warehouse serves all of the company's stores. What is the total amount of the costs listed
above that are direct costs of the Cosmetics Department?
A. $78,000
B. $37,000
C. $45,000
D. $41,000
Answer: C
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Sharon, a salesperson for a greeting card company, is responsible for sales in the northern part of California. Sharon's manager has decided to change Sharon's key account in the territory to a house account. Why would Sharon most likely dislike this decision?
A. Sharon will have to share commissions from the key account with the home office. B. Sharon will lose the commission for the key account. C. Sharon will be demoted from her position in the territory for losing the key account. D. Sharon will have to work from the firm's home office. E. Sharon will have to monitor the key account for less pay than she usually earns.
A(n) ____________________ statement does not use a selector but individually evaluates conditions that are placed in the WHEN clauses.
Fill in the blank(s) with the appropriate word(s).
A company reported operating expenses of $320,000 . Depreciation expense was $14,000, prepaid insurance decreased $4,000, and salaries payable increased by $1,000 . How much cash was paid for operating expenses?
a. $337,000 b. $303,000 c. $301,000 d. $329,000 e. $329,000
Which of the following is correct with regard to risk of loss, where the goods are in the possession of a bailee and are covered by a negotiable document of title?
a. Risk of loss passes when the buyer receives the document. b. Risk of loss passes when the document is tendered to the buyer. c. Risk of loss passes when notification of the arrival of the goods is given to the buyer. d. If the buyer is a merchant, risk of loss passes to the buyer when the goods are delivered.