Pursuing supplier development activities directly with suppliers is both quick and easy
a. True
b. False
Indicate whether the statement is true or false
False
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For tests that measure abstract qualities such as intelligence or leadership skills, validity would best be established by ________ validation.
A. construct B. predictive C. content D. concurrent E. criterion-related
Engineworks Co. provides the following fixed budget data for the year:Sales (20,000 units) …………………………….?$600,000Cost of sales:?? Direct materials …………………………….. $200,000? Direct labor …………………………………160,000? Variable overhead …………………………..60,000? Fixed overhead ……………………………..80,000500,000Gross profit …………………………………….?$100,000Operating expenses:?? Fixed ………………………………………..$12,000? Variable …………………………………….40,000 52,000Income from operations ………………………..?$ 48,000The company's actual activity for the year follows:??Sales (21,000 units)
…………………………….?$651,000Cost of goods sold:?? Direct materials …………………………….. $231,000? Direct labor …………………………………168,000? Variable overhead …………………………..73,500? Fixed overhead ……………………………..77,500550,000Gross profit …………………………………….?$101,000Operating expenses:?? Fixed ……………………………………….12,000? Variable …………………………………….39,500 51,500Income from operations ……………………….?$ 49,500Required:Prepare a flexible budget performance report for the year using the contribution margin format. What will be an ideal response?
Suppose one British pound can purchase 1.86 U.S. dollars today in the foreign exchange market, and currency forecasters predict that the U.S. dollar will depreciate by 12.00% against the pound over the next 30 days. How many dollars will a pound buy in 30 days?
A. $2.1665 B. $2.2082 C. $1.8957 D. $2.0832 E. $2.3540
Painted bulletins are very costly, but some advertisers overcome this expense by
A. using three-dimensional displays that break through clutter. B. moving them to different choice locations every two to three months. C. repainting and modifying the display every 30 days. D. co-opting the costs with plant operators. E. using a mobile outdoor structure.