The array of pay rates for different work or skills within a single organization is referred to as ________.
A. total cash
B. rate board
C. pay structure
D. pay scale
E. pay band
Answer: C
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Classify each of the following expenditures as capital expenditure (CE) or revenue expenditure (RE).
1. ________ Ordinary recurring repairs to keep the machinery in good working order 2. ________ Major overhaul to extend the useful life of a vehicle by three years 3. ________ Installation costs for a new machine 4. ________ Painting
Bohmker Corporation is introducing a new product whose direct materials cost is $25 per unit, direct labor cost is $13 per unit, variable manufacturing overhead is $9 per unit, and variable selling and administrative expense is $4 per unit. The annual fixed manufacturing overhead associated with the product is $18,000 and its annual fixed selling and administrative expense is $9,000. Management plans to produce and sell 1,000 units of the new product annually. The new product would require an investment of $110,500 and has a required return on investment of 10%. Management would like to set the selling price on a new product using the absorption costing approach to cost-plus pricing.Required:a. Determine the unit product cost for the new product.b. Determine the markup percentage on
absorption cost for the new product.c. Determine the selling price for the new product using the absorption costing approach. What will be an ideal response?
If a seller requires an intermediary to purchase a supplementary product to qualify to purchase the primary product the intermediary wishes to buy, it results in ________.
A. a tying contract B. channel disintermediation C. exclusive dealing D. vertical integration E. exclusive territory
A news release should open with a(n)
A) catchy word or idea B) introduction C) salutation such as Dear Madam or Sir.