The buyer will include the sales tax as part of the cost of merchandise purchased
Indicate whether the statement is true or false
True
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McKay Company sells merchandise with a one-year warranty. In Year 1, sales consisted of 1,200 units. It isestimated that warranty repairs will average $10 per unit sold, and 30% of the repairs will be made in Year 1 and70% in Year 2 . In the Year 1 income statement, McKay should show warranty expense of
a. $3,600 b. $8,400 c. $12,000 d. $0
Another name for business-to-business markets is organizational markets
Indicate whether the statement is true or false
Which of the following is a true statement regarding « toolkits » and OD?
a. Seeking tools without knowledge about the OD process is likely to prevent OD success. b. OD toolkits can provide quick fixes to organizational problems. c. Practitioners can easily provide clients with what they want and need. d. Problems requiring OD often involve instrumented training or standard models.
Banks that need additional funds to meet the reserve requirements of the Federal Reserve:?
A. ?borrow from the state government of the state where their headquarters are located. B. ?borrow from banks with excess reserves. C. ?issue treasury bills to investors. D. ?decrease the coupon interest rate on the bonds issued to raise funds. E. ?exercise the call option on the loans extended to small businesses.