A company had November and December sales last year of $45,00 . and $55,000 . respectively, and November sales this year of $30,00 . . Compute the amount needed to be sold in December to equal last year's November and December sales
$70,00 . December sales
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Under Article 9 of the Uniform Commercial Code, in what order are proceeds from the sale of collateral by the creditor to be distributed?
A. First, the proceeds are used to satisfy the debt. Second, any expenses of repossessing the collateral. Lastly, the debtor is entitled to remaining proceeds. Finally, if any proceeds remain, the debtor is entitled to them. B. First, any expenses of repossessing the collateral are paid. Second, the proceeds are used to satisfy the debt. Third, any other junior liens are paid. Finally, if any proceeds remain, the debtor is entitled to them. C. First, the junior liens are paid. Second, any expenses of repossessing the collateral are paid. Third, the proceeds are used to satisfy the debt. Finally, if any proceeds remain, the debtor is entitled to them. D. First, the proceeds are used to satisfy the debt. Second, junior liens are paid. Third, any expenses of repossessing the collateral are paid. Finally, if any proceeds remain, the debtor is entitled to them.
Reworking a product is an internal failure cost
Indicate whether the statement is true or false
[The following information applies to the questions displayed below.]On January 1, Year 1, Victor Company issued bonds with a $250,000 face value, a stated rate of interest of 6%, and a 5-year term to maturity. The bonds sold at 95. Interest is payable in cash on December 31 of each year. Victor uses the straight-line method to amortize bond discounts and premiums.What is the carrying value of the bond liability at December 31, Year 3?
A. $237,500 B. $241,000 C. $242,500 D. $245,000
_____ occurs when a deli decides to buy its office supplies from a company that regularly buys sandwiches for its employees.
A. Reciprocity B. Joint demand C. Elastic demand D. Derived demand E. Bidding conformity