Nike Corp. buys on 3/10, net 30 days. What is the nominal cost of interest if Nike does not take
advantage of the trade discount offered? Assume a 360-day year.
A) 66.3% B) 22.3% C) 55.7% D) 12.0%
C
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Internal Control Principles Identify and briefly describe the two principles that should govern the monitoring function
Daizy's is a shop that carries only plus-size clothing. According to this information, Daizy's differentiates itself from its competitors based on ________
A) service mix B) pricing C) product assortment D) store atmosphere E) distribution strategy
A supplier firm and reseller firm, practicing mutual self-interests, partner because their respective managements understand that by sharing complementary resources and capabilities, they are more likely to achieve their respective self-interests
than if they act alone. Indicate whether the statement is true or false
The daily output required from an assembly line is 120 units. If the line operates 8 hours a day, what is the cycle time per unit?
a. 4 hours b. 4 minutes c. 15 seconds d. 1 hour