The major purpose of field warehousing is to:?
A) create warehouse receipts that the owner can pledge as security for loans
B) create additional space in the firm's own warehouse.
C) allow warehousers an opportunity to service common carriers.
D) transfer title to buyers without requiring them to pick up merchandise at the plant's location.
A
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What will be an ideal response?
Lighthouse Sail Makers manufactures sails for sailboats
The company has the capacity to produce 35,000 sails per year and is currently producing and selling 30,000 sails per year. The following information relates to current production: Sales price per unit $185 Variable costs per unit: Manufacturing $60 Selling and administrative $22 Total fixed costs: Manufacturing $700,000 Selling and administrative $300,000 The fixed manufacturing costs increase by $100,000 for every 500 units produced beyond the maximum capacity of the plant. If a special pricing order is accepted for 5,500 sails at a sales price of $160 per unit, and if the order requires no variable or fixed selling and administrative costs, what is the effect on operating income? A) Operating income increases by $450,000. B) Operating income decreases by $450,000. C) Operating income increases by $550,000. D) Operating income decreases by $550,000.
In year 1, Abby purchased a new home for $200,000 by making a down payment of $150,000 and financing the remaining $50,000 with a loan, secured by the residence, at 6 percent. As of January 1, year 4 the outstanding balance on the loan was $40,000. On January 1, year 4, when her home was worth $300,000, Abby refinanced the home by taking out a $120,000 mortgage at 5 percent. With the loan proceeds, she paid off the $40,000 balance of the existing mortgage and used the remaining $80,000 for purposes unrelated to the home. During year 4, she made interest-only payments on the new loan of $6,000. What amount of the $6,000 interest expense on the new loan can Abby deduct in year 4 on the new mortgage as home-related interest expense?
A. $0. B. $2,000. C. $6,000. D. $5,000.
The ________ Act of 1986, which is administered by the USCIS, requires employers to verify whether prospective employees are either U.S. citizens or otherwise authorized to work in the country.
A. Immigration Reform and Control B. USA Patriot C. Immigration D. Homeland Security