A Green River ordinance states that:
A. all persons selling directly to consumers must pay a bond.
B. door-to-door salespersons who are not residents of the city in which they do business must purchase sales licenses.
C. door-to-door sales are not allowed within city limits.
D. door-to-door sales are illegal unless being made for nonprofit organizations like schools and Girl Scouts.
E. all salespeople in a city must obtain a sales license.
Answer: B
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Archangel Manufacturing calculated a predetermined overhead allocation rate at the beginning of the year based on direct labor costs. The production details for the year are given below:
Calculate the manufacturing overhead allocation rate for the year based on the above data. (Round your final answer to two decimal places.)
A) 44.12%
B) 240.00%
C) 11.33%
D) 27.27%
Which of the following categories generates the highest percentage of online retail revenue?
A. computers and electronics B. apparel and accessories C. books/music/video D. automobile and automobile parts and accessories
Last year Simpson Company reported a cost of goods sold of $105,000. Inventories decreased by $10,000 during the year, and accounts payable increased by $25,000. The company uses the direct method to determine the net cash flows from operating activities on the statement of cash flows. The cost of goods sold adjusted to a cash basis would be:
A) $140,000. B) $95,000. C) $70,000. D) $80,000.
Kjell is the vice president of international sales for Oxtren, Inc, a U.S. company. To secure a multimillion dollar contract for his company, Kjell paid a Mongolian governmental officer $10,000 . Kjell:
a. has violated the Foreign Corrupt Practices Act. b. has not violated the Foreign Corrupt Practice Act because the payment was a grease payment. c. has not violated the Foreign Corrupt Practices Act because the government official was from Mongolia, not the United States. d. has not done anything illegal because Congress has not ratified the Convention of Combatting Bribery of Foreign Public Officials in International Transactions.