Harvest Catering is a local catering service. Conceptually, when should Harvest recognize revenue from its catering service?
a. At the date the customer places the order
b. At the date the meals are served
c. At the date the invoice is mailed to the customer
d. At the date the customer's payment is received
b
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Requiring exhaustion of remedies prior to judicial review is beneficial because:
a. it promotes agency economy, saving the agency time and money b. it promotes agency autonomy and independence c. judges are frequently more experienced and more expert in agency-related matters, so it's better to have the judge available to fix agency errors and mistakes after the agency determination d. all of the above e. none of the above
Kurtz Logistics provides the following information
Operating income $1,600,000 Net sales $13,500,000 Average total assets $1,850,000 Management's target rate of return 20% What is the company's profit margin ratio? A) 13.7% B) 11.9% C) 86.5% D) 1.1%
Congress enacts a law prohibiting toys made in Indonesia from being sold in the United States. The Washington state legislature enacts a law allowing the sale of Indonesian-made toys. Washington's law will most likely be
a. rendered invalid under the supremacy clause. b. held to be valid under the equal protection clause. c. struck down under the taxing and spending clause. d. upheld under the commerce clause.
One of the earliest forms of alternative work arrangements was ________.
A. flex-time B. job sharing C. telecommuting D. the compressed work week