List and describe the six steps in the order-to-cash process.
What will be an ideal response?
| 1. | Pre-sales activities including responding to customer inquiries and RFQs. |
| 2. | Sales order processing which includes capturing and recording customer orders. |
| 3. | Pick and pack which includes picking the goods from the shelf in the warehouse and packing the goods for shipment. |
| 4. | Shipping the goods to the customer which includes selecting the appropriate carrier, recording the reduction in inventory, recording cost of goods sold. |
| 5. | Billing which includes preparing the customer invoice, recording sales, and recording accounts receivable. |
| 6. | Payment which includes recording cash receipts, updating cash, and accounts receivable. |
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Total fixed costs are $50,000. Machine hour capacity is 30,000 hours per year. Assuming that the company can sell as many products as it can make, which product mix would deliver the highest operating income?
Deng Corporation manufactures two styles of lamps — Bedford Lamp and Lowell Lamp. The following per unit data are available:
A) 7500 Bedford Lamps and 15,000 Lowell Lamps
B) 0 Bedford Lamps and 7500 Lowell Lamps
C) 15,000 Bedford Lamps and 0 Lowell Lamps
D) 15,000 Bedford Lamps and 15,000 Lowell Lamps
Compare Germany before and after the Civil Service Reform Law of 1997. How did the civil servants react? Why?
What will be an ideal response?
Consider the following results for two samples randomly taken from two populations. Sample A Sample B Sample Size31 35 Sample Mean106 102 Sample Standard Deviation8 7 ? a.Determine the degrees of freedom for the t distribution.b.Develop a 95% confidence interval for the difference between the two population means.
What will be an ideal response?
What are the four basic types of insurance coverage that protect drivers against the risk of financial loss?