A billing system that can be used when there is little or no delay between the receipt of the customer order and the shipment of the goods is a:
a. post-billing system
b. open-item system
c. balance-forward system
d. pre-billing system
D
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Greg, who wants to sell a car he owns, authorizes his concierge, Walter, to find a potential buyer, and finalize a deal above a stipulated price
Walter contracts Jacob, an independent car sales broker, and instructs him to only find a potential buyer and send them over to Walter for the sale. Greg then contracts CarWreckers, an automobile modification company to renovate his car. CarWreckers completes its work and Greg pays them. Jacob then searches for a suitable buyer and finds one in Carl. Carl buys the car and Jacob is paid for his services. Who is the principal during the car sale transaction? A) CarWreckers B) Carl C) Greg D) Walter
The primary difference between normalized and actual costing methods lies in the determination of a job's:
A. direct labor costs. B. selling costs. C. direct material costs. D. administrative costs. E. manufacturing overhead costs.
What is geocache?
A. A device that measures the acceleration (the rate of change of velocity) of an item and is used to track truck speeds or taxi cab speeds. B. A north/south measurement of position. C. A GPS technology adventure game that posts the longitude and latitude location for an item on the Internet for users to find. D. An east/west measurement of position.
Roberta Cartwright puts money each month into a mutual fund that has very few controls; in that, the managers can invest in whatever they want because this type of fund is not regulated by the SEC. Roberta has a(n) ________ fund
A) open-end B) closed-end C) hedge D) no-load E) back-end load