List the various activities or programs that a salesperson can provide to make his relationship with the customer more satisfying and add value to the relationship.
What will be an ideal response?
The text lists (1) warranties, (2) credit, (3) speedy delivery, (4) invoices, (5) financial statements, (6) computer-to-computer ordering, (7) parking, (8) gift wrapping and (9) not being out of stock. Students may have some other appropriate ideas.
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Which of the following items is not used by natural resource companies to estimate the asset value of natural resources over the life of the resource, e.g., oil or coal?
a. Reserves. b. Depletion rate. c. Reclamation expense. d. Restoration rate
Secured bonds are also known as debentures
Indicate whether the statement is true or false
Fletcher Company collected the following data regarding production of one of its products. Compute the variable overhead efficiency variance. Direct labor standard (2 hrs. @ $12.75/hr.)$25.50 per finished unitActual direct labor hours 81,500 hrs.Budgeted units 42,000 unitsActual finished units produced 40,000 unitsStandard variable OH rate (2 hrs. @ $14.30/hr.)$28.60 per finished unitStandard fixed OH rate ($336,000/42,000 units)$8.00 per unitActual cost of variable overhead costs incurred$1,140,000 Actual cost of fixed overhead costs incurred$338,000
A. $21,450 favorable. B. $4,000 favorable. C. $21,450 unfavorable. D. $14,300 unfavorable. E. $4,000 unfavorable.
Wedney, Inc sold a meat processing machine to Yoro Chickens, taking a security interest in the machine. Yoro Chickens defaulted on the loan. Wedney repossessed the machine. Wedney would like to retain the machine to use as a model. Which of the following statements is correct?
a. Wedney must notify the debtor that it intends to retain the machine and give Yoro 20 days to object. b. By taking possession, Wedney automatically foreclosed on the collateral. Wedney has valid title and need do nothing else. c. Since the machine is equipment, Wedney cannot retain the machine. Wedney must dispose of the collateral in a commercially reasonable manner. d. Wedney can retain the machine but must pay Yoro the surplus, the difference between the fair market value of the machine and the amount of the debt.