__________________________ refers to the number of subordinates directly under a manager's control
Fill in the blank(s) with correct word
Span of control
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A schedule of cost of goods manufactured shows all of the following EXCEPT
a. indirect materials. b. beginning work in process. c. goods available for sale. d. ending work in process.
GMC sells cars and pays each salesperson a commission of $800 for each car sold. During the month of December, a salesperson, Tom, sold 3 new cars. GMC pays commissions on the 5th day of the month following the sale. Tom operates on the cash basis; the car dealer operates on the accrual basis. Which of the following statements is true?
A) Tom will recognize commission revenue earned in the amount of $2,400 in December. B) GMC will recognize commission expense in the amount of $2,400 in December. C) Tom will recognize commission expense in the amount of $2,400 in January. D) Tom will recognize revenue in the same month that the car dealer recognizes expense.
Venlite, Inc produces and sells cosmetic products
Currently, the company is operating at 70% of its capacity. The sales price of its product is $30 per unit, and it incurs a full cost of $25 to produce each unit. Its yearly fixed manufacturing overhead amounts to $20,000. The company has received a one-time order for supplying 5,000 units at $26 per unit. This order can be executed within the excess production capacity and will not involve any additional costs. To make this decision, the management of Venlite should use ________. A) absorption costing as the decision is long-term in nature B) variable costing as the decision is short-term in nature C) absorption costing as the decision is short-term in nature D) variable costing as the decision is long-term in nature
A business model where a company sells in multiple marketing channels simultaneously best defines
A) multichannel business model. B) concurrent business model. C) direct marketing. D) revenue enhancement.