The United States Postal Service plays an important role in consumer protection
a. True
b. False
Indicate whether the statement is true or false
True
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Division Y has asked Division X of the same company to supply it with 7600 units of part L763 this year to use in one of its products. Division Y has received a bid from an outside supplier for the parts at a price of $46.00 per unit. Division X has the capacity to produce 30,400 units of part L763 per year. Division X expects to sell 27,360 units of part L763 to outside customers this year at a price of $49.60 per unit. To fill the order from Division Y, Division X would have to cut back its sales to outside customers. Division X produces part L763 at a variable cost of $38 per unit. The cost of packing and shipping the parts for outside customers is $2 per unit. These packing and shipping costs would not have to be incurred on sales of the parts to Division Y.Required:a. What is the
range of transfer prices within which both the Divisions' profits would increase as a result of agreeing to the transfer of 7600 parts this year from Division X to Division Y? (Round your final answers to 2 decimal places.)Range of transfer prices?< Transfer price < ?b. Is it in the best interests of the overall company for this transfer to take place? A. No B. Yes
Portland Sound Cafe began business on January 1, 2016 . The corporate charter authorized issuance of 1,000 shares of no-par value common stock, of which 200 shares were issued, and 4,000 shares of $8 par value, 6% cumulative preferred stock, of which none were issued. Portland Sound sold 400 shares of common stock at $8 per share on May 1 . The entry to record the issuance of the shares on May 1
will: a. Increase Cash, $1,000; Increase Additional Paid-in Capital—Common, $320; Increase Common Stock, $680 b. Increase Cash, $3,200; Increase Additional Paid-in Capital—Common, $2,800; Increase Common Stock, $400 c. Increase Cash, $4,800; Increase Common Stock, $4,800 d. Increase Cash, $3,200; Increase Common Stock, $3,200
Which method for estimating uncollectible accounts receivable is considered to be balance-sheet oriented?
A) ?Aging of accounts receivable method B) ?Percentage of net sales method C) ?Direct write-off method D) ?Gross receivables method
Which of the following is the first step in the process of personal selling?
A) prospecting and qualifying B) sales preapproach C) sales presentation D) unearthing objections E) demonstrating advantages