Which of the following goods would not be included in merchandise inventory for a purchasing company?

A) Goods in transit shipped FOB shipping point
B) Goods on hand in the showroom
C) Goods in transit shipped FOB destination
D) Goods ordered and received from the supplier


C

Business

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A lack of specificity or predictability about a person’s role is ______.

A. role conflict B. role ambiguity C. role overload D. role enlargement

Business

Mr. Gordon, a resident of Pennsylvania, paid $20,000 for a bond issued by Delaware. This year, he received $800 of interest on the bond. His marginal state tax rate is 7%, and under Pennsylvania law, interest on debt obligations issued by another state is taxable. Mr. Gordon can deduct state income tax on his federal return, and his marginal federal tax rate is 35%. Compute his after-tax rate of return on the bond. 

A. 3.825% B. 3.725% C. 4% D. 2.420%

Business

Asking questions about limitations must be an afterthought

Indicate whether the statement is true or false

Business

Which type of ebusiness model best describes Apple?

A. Click-and-mortar B. Pure-play C. Brick-and-mortar D. Virtual

Business