Which of the following documents is mailed to the vendor (seller) of goods?
A) Receiving report
B) Invoice
C) Purchase order
D) Purchase requisition
C
You might also like to view...
______ refers to a fictitious supply source created to arrive at a balanced transportation problem (i.e., total demand = total supply).
A. Balanced transportation problem B. Degeneracy C. Dummy demand destinations D. Dummy supply sources
Unless one of the parties contractually assumes the risk, the ____ discharges a contract if supervening circumstances make fulfillment of the purpose which both parties had in mind impossible
A) bankruptcy law B) frustration of purpose doctrine C) perfect tender rule D) subjective impossibility doctrine
Arca Incorporated makes a single product-a critical part used in commercial airline seats. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted (Planned) Overhead: Budgeted variable manufacturing overhead$38,700 Budgeted fixed manufacturing overhead 170,700 Total budgeted manufacturing overhead$209,400 Budgeted production (a) 20,000units Standard hours per unit (b) 1.50machine-hours Budgeted hours (a) × (b) 30,000machine-hours Applying Overhead: Actual production (a) 15,000units Standard hours per unit (b) 1.50machine-hours Standard hours allowed for the
actual production (a) × (b) 22,500machine-hours Actual Overhead and Hours: Actual variable manufacturing overhead$9,812 Actual fixed manufacturing overhead 185,700 Total actual manufacturing overhead$195,512 Actual hours 22,300machine-hours ?The fixed overhead volume variance is: A. $57,675 U B. $42,675 F C. $57,675 F D. $42,675 U
Consideration. Martino was a police officer in Atlantic City. Gray, who had lost a significant amount of her jewelry during a burglary of her home, offered a reward for the recovery of the property. Incident to his job, Martino possessed certain
knowledge concerning the theft of Gray's jewelry. When Martino informed Gray of his knowledge of the theft, Gray offered Martino $500 to help her recover her jewelry. As a result of Martino's police work, the jewelry was recovered and returned to Gray. Martino sued Gray for the reward he claimed she had promised him. Was there a valid contract between Gray and Martino?