Keegan is a purchasing manager for a large auto manufacturer. The contract with the company's steel provider is just about to expire, so Keegan is negotiating the terms and condition of a new contract with his supplier. Keegan is satisfied with the negotiations, so he takes the next step of drawing up a legal obligation to buy the negotiated amount of steel at the price and delivery date agreed upon by himself and his supplier. This legal obligation is otherwise known as
A. a contract amendment.
B. a purchase order.
C. a bill of sale.
D. the cost of goods sold.
E. an agreement.
Answer: B
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Which of the following is NOT an advantage of computer-administered surveys?
A) ability to develop rapport with the respondent B) speed C) error-free interviewing D) use of pictures, videos and graphics E) real time capture of data
The following data has been collected about Keller Company's stockholders' equity accounts:Common stock $10 par value 20,000 sharesauthorized, 10,000 shares issued, and 9,000 shares outstanding$100,000Paid-in capital in excess of par value, common stock50,000Retained earnings25,000Treasury stock11,500Assuming the treasury shares were all purchased at the same price, the cost per share of the treasury stock is:
A. $1.15. B. $11.50. C. $1.28. D. $10.50. E. $10.00.
In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available:? Net income for the year was$80,000?Accounts payable decreased by 32,000?Accounts receivable increased by 39,000?Inventories increased by 19,000?Depreciation expense was 58,000?Net cash provided by operating activities was:
A. $112,000. B. $48,000. C. $150,000. D. $80,000. E. $74,000.
One of the four most fundamental factors that affect the cost of money as discussed in the text is the risk inherent in a given security. The higher the risk, the higher the security's required return, other things held constant.
Answer the following statement true (T) or false (F)