Which of the following questions is LEAST relevant when developing a job description for a sales position?
A) Will the person be developing a new sales territory?
B) Is the product well established in the marketplace?
C) What is the average rate of employee turnover?
D) Will the salesperson work independently?
E) What amount of travel will be required?
C
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When prices are rising, net income calculated by using the last-in, first-out method is smaller than the amount determined from using either the first-in, first-out or the weighted-average method
a. True b. False Indicate whether the statement is true or false
On November 1 . 2014, Balloon Company sold some limited edition art prints to Sitake Company for ¥47,850,000 to be paid on January 1 . 2015 . The current exchange rate on November 1 . 2014, was ¥110=$1, so the total payment at the current exchange rate would be equal to $435,000 . Balloon entered into a forward contract with a large bank to guarantee the number of dollars to be received
According to the terms of the contract, if ¥47,850,000 is worth less than $435,000, the bank will pay Balloon the difference in cash. Likewise, if ¥47,850,000 is worth more than $435,000, Balloon must pay the bank the difference in cash. Assuming the exchange rate on December 31 . 2014 is ¥115=$1, what amount will Balloon disclose as the fair value of the forward contract on December 31 . 2014 (answers rounded to the nearest dollar)? a. $0 b. $18,913 c. $20,714 d. $416,087
In preparing flexible budgets, the first step is to identify the fixed and variable components of the various costs and expenses being budgeted
Indicate whether the statement is true or false
Explain what items you should choose to put into your weekly plan first.
What will be an ideal response?