The ______ evolved in commerce over the centuries
a. law of contracts
b. law of commerce c. law of trade
d. law of documents e. law of freedom
a
You might also like to view...
The rate that a state assigns reflecting a company's stability or instability in employing workers is the:
A. Pay rate. B. Credit rating. C. Merit rating. D. FICA rate. E. Tax withholding rate.
An area that has what the EPA classifies as "dirty air" that does not satisfy the air quality standards is known as a:
a. noncontainable area b. dangerous air area c. noncontainment area d. significant deterioration area e. none of the other choices
When corporations elect to issue two or more shares of stock to existing stockholders for each share they currently own, they have initiated a(n)
A. stock split. B. dividend spread. C. earnings split. D. share dividend.
Mcinture Enterprises makes a variety of products that it sells to other businesses. The company's activity-based costing system has four activity cost pools for assigning costs to products and customers. Details concerning that ABC system are listed below:?Activity Cost PoolActivity MeasureActivity Rate?Supporting assemblyDirect labor-hours (DLHs)$4.20per DLH?Processing batchesNumber of batches$123.35per batch?Processing ordersNumber of orders$71.00per order?Serving customersNumber of customers$2,334.00 per customerThe cost of serving customers, $2,334.00 per customer, is the cost of serving a customer for one year. Schwerin Corporation buys only one of the company's products which Mcinture Enterprises sells for $28.40 per unit. Last year Schwerin Corporation ordered a total
of 1,100 units of this product in 2 orders. To fill the orders, 6 batches were required. The direct materials cost is $8.40 per unit and the direct labor cost is $1.80 per unit. Each unit requires 0.10 DLHs.Required:What is the customer margin on sales to Schwerin Corporation for the year? What will be an ideal response?