Noncritical purchases focus on ______.
A. volume assurance and reliable sourcing
B. exploiting full purchasing power
C. emphasizing long-term supplier relationships
D. functional efficiency
D. functional efficiency
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Charlie was involved in an automobile accident and wants to file a lawsuit. However, he would like to know what judgment a jury is likely to reach before involving himself in an expensive trial
If Charlie has limited time and resources to decide whether to file a case, which of the following should he choose? A) private jury trial B) summary jury trial C) arbitration D) mediation
Effective teams in an organization are not characterized by
a. Ability to improve quality b. Ability to reach goals c. Ability to change processes d. Ability to deteriorate
A manufacturing company's budgeted income statement includes the following data
Data extracted from budgeted income statement Mar Apr May Jun Sales revenue $130,000 $80,000 $130,000 $120,000 Commission expense (15% of sales) 19,500 12,000 19,500 18,000 Salaries expense 33,000 33,000 33,000 33,000 Miscellaneous expense-5% of sales 6,500 4,000 6,500 6,000 Rent expense 3,600 3,600 3,600 3,600 Utilities expense 2,300 2,300 2,300 2,300 Insurance expense 2,600 2,600 2,600 2,600 Depreciation expense 4,200 4,200 4,200 4,200 The budget assumes that 60% of commission expenses are paid in the month they are incurred and the remaining 40% are paid one month later. In addition, 50% of salaries expenses are paid in the same month, and the remaining 50% are paid one month later. Miscellaneous expenses, rent expense, and utilities expenses are assumed to be paid in the same month in which they are incurred. Insurance has been paid in advance for the year on January 1. Calculate total budgeted cash payments for selling and administrative expenses for the month of April. A) $52,000 B) $60,500 C) $57,900 D) $64,700
Kettlecorn Investments, Inc., and Lone Tree Bank are secured parties with security interests in property owned by Metal Fabrication Corporation. Priority between these security interests is generally determined by
A. the amount of the claim. B. the custom in the trade. C. the time of perfection or attachment. D. the "float" of the liens.