Kraus Department Store, located in Chicago, sells 1,700 coffee makers per year. The purchase price of each coffeemaker is $70. The ordering cost is $90 per order. The holding cost is 30% of the unit purchase price. In this example, the economic order quantity is given by ______.
A. the square root of ([2 x 1700 x 90]/90)
B. the square root of ([2 x 1700 x 90]/21)
C. the square of ([2 ? 1700 x 90]/90)
D. the square of ([2 ? 1700 x 90]/21)
B. the square root of ([2 x 1700 x 90]/21)
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In order to exercise his or her rights under the Family and Medical Leave Act, an employee whose medical leave is foreseeable must notify the employer ________
A) as soon as practicable B) at least 30 days prior to the beginning of the leave C) within 10 days from when the need for the leave becomes known D) within two business days from when the need for the leave becomes known
________ includes cash compensation, benefits, and relational returns.
A. Total cash benefit B. Total compensation C. Total incentive D. Total base pay E. Total reward
Sarah Smith works as a laser technician for a local dermatology center consisting of physicians operating under a partnership agreement. Sarah purchased supplies through the mail from a medical supply facility totaling $5,000 . She signed the contract agreeing to pay for the supplies in her name, Sarah Smith. A few weeks later the dermatologists became embroiled in a bitter dispute regarding
profits and terminated the partnership. Unfortunately, the partners were not aware of the debt owed to the medical supply facility; and the bill remained unpaid. Sarah received a bill from the supply company for $5,000 . Is she liable to the medical supply company, and why or why not? a. No, because she was only employed as a technician. b. No, because the medical supply facility should have asked for proper identification. c. Yes, because she signed in her own name. d. Yes, but only because the partnership terminated.
Physical counts of inventory:
A. Must be taken at least once a month. B. Are not necessary under the perpetual system. C. Requires the use of hand-held portable computers. D. Are necessary to adjust the Inventory account to the actual inventory available. E. Are not necessary under the cost-to benefit constraint.