Jason is writing a formal business letter to document his decision to enter into a long-term agreement with a trucking supplier. Please answer the questions below.
When dating his letter, Jason should ____.
A. Spell the name of the month
B. Use all four digits in the year
C. Use the current date
D. all of the above
Answer: D
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A contract in which both parties are mistaken about the value of the object of the contract is considered ________
A) unenforceable B) unconscionable C) non-rescindable D) void
Describe the basic process that a manager goes through when conducting a consultative decision-making process in which he allows significant input and participation from the group members
What will be an ideal response?
A company uses a job order costing system and applies overhead on the basis of direct labor cost. A summary of the company's Work in Process Inventory account for December appears below.Work In Process
DateExplanationPRDebitCreditBalanceDec. 1????73,800Dec.Direct MaterialsG-20235,800?309,600Dec.Direct LaborG-20117,000?426,600Dec.Factory OverheadG-20187,200?613,800Dec.Job No. 5 completedG-8?90,900522,900Dec.Job No. 6 completedG-10?131,400391,500Dec.Job No. 7 completedG-12?73,800317,700Dec. 31Job No. 8 completedG-15?168,300149,400Fill in the blanks for the following:(1) The total cost of the direct materials, direct labor, and factory overhead for jobs still in progress is $________.(2) The company's overhead application rate is ________%(3) Job No. 6 had $26,550 of direct labor cost. Therefore, the job must have had $________ of direct materials cost.(4) Job No. 8 had $73,998 of direct materials cost. Therefore, the job must have had $________ of factory overhead cost. What will be an ideal response?
A hardware store offers highly discounted sale items to attract people into the store. This is an example of which kind of pricing strategy?
a. introductory offer b. sale pricing c. customer-led pricing d. loss leader