Consider a programmer who is required to complete four work assignments. Each assignment takes 50 hr to complete. Assume an overhead rate of $1.50 and the cost per hour for the programmer’s services to be $35/hr. The direct billing charge will be ______.
A. $10,000
B. $12,000
C. $10,500
D. $11,500
C. $10,500
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What is the process of moving merchandise through the channel from the customer to the store to the DC to the vendor?
A. Reverse supply chain B. Outbound flow C. Reverse flow D. Return flow E. Outbound returns
Selected information from the accounting records of Thackary Company is as follows: Net sales for 2014 .................................... $750,000 Cost of goods sold for 2014 ........................... 500,000 Inventory at December 31 . 2013 ........................ 125,000 Inventory at December 31 . 2014 ........................ 100,000 Thackary's inventory turnover for 2014 is
a. 7.50 times. b. 6.665 times. c. 4.44times. d. 2.22 times.
An oral contract that must be in writing to be enforceable is not enforceable even if the parties admit to its existence in court.
Answer the following statement true (T) or false (F)
When a firm introduces a new product at a relatively low price because it hopes to reach the mass market, it is following a _____ strategy. The low price is designed to capture a large share of a substantial market and produce lower production costs.
A. penetration pricing B. price-insensitive demand C. price-skimming D. price elasticity E. cost bundling