A form of revolving credit is a(n) _____ credit account
a. extended revolving
b. retailer-generated
c. open
d. option
d
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A company that is leveraged is one that
a. contains debt financing. b. contains equity financing. c. has a high earnings per share. d. has minimized its risk of loss by acquiring a portfolio of investments.
The way in which authority and responsibility are distributed in an organization is ___________________________________
Fill in the blank(s) with correct word
The Engine Division of Magnificent Motor Corporation uses 5,000 carburetors per month in its production of automotive engines. It presently buys all of the carburetors it needs from two outside suppliers at an average cost of $100 . The Carburetor Division of Magnificent Motor Corporation manufactures the exact type of carburetor that the Engine Division requires. The Carburetor Division is
presently operating at its capacity of 15,000 units per month and sells all of its output to a foreign car manufacturer at $106 per unit. Its cost structure (on 15,000 units) is: Variable production costs $70 Variable selling costs 10 All fixed costs 10 Assume that the Carburetor Division would not incur any variable selling costs on units that are transferred internally. Refer to Magnificent Motor Corporation. What is the maximum of the transfer price range for a transfer between the two divisions? a. $106 b. $100 c. $90 d. $70
Accounting information systems generate both monetary and non-monetary accounting information. List two examples of each type of accounting information