If the annual cost of goods sold is $10,000,000 and the average inventory is $2,000,000, what is the

turns ratio?

A) 5
B) 0.2
C) 20%
D) $8,000,000
E) cannot be calculated from the information given


A

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A) the actual cost per unit of direct materials exceeds the standard cost of direct materials B) the actual cost per unit of direct materials is less than the standard cost per unit of direct materials C) the actual quantity of direct materials used per unit exceeds the standard quantity of direct materials allowed per unit D) the actual quantity of direct materials used per unit is less than the standard quantity of direct materials allowed per unit

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Based on Bluto's conduct, Cass reasonably believes that Dee has the authority to act on Bluto's behalf even though Dee does not have the actual authority to do so. Cass makes a payment to Dee for Bluto. Dee keeps the money and disappears. Bluto

A. can demand that Cass make a repayment directly to Bluto. B. can obtain damages from Cass for Dee's misconduct. C. may be estopped from denying that Dee had authority. D. must repudiate Dee's misconduct to avoid liability.

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________ are organizations that help other organizations sell their goods or services directly to customers.

A. Manufacturers B. Suppliers C. Distributors D. Producers E. Processors

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If I simplify the address 2001:0000:0000:00fe:0000:0000:0000:cdef, I get ________

A) 2001:::fe::::cdef B) 2001::fe::::cdef C) 2001:::fe::cdef D) 2001::00fe:::cdef

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