Jewels for the Rich and Famous sells very exclusive jewelry with a minimum price of $25,000 to customers around the world. Speed of delivery to distant markets is a must. Management should consider using ________ as its main carrier
A) rail
B) air
C) trucks
D) pipelines
E) water
B
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All of the following are examples of customer service failures except?
a. Stockouts b. Product failure c. Failure to adhere to customer service policies d. Late deliveries
Dracor Company is considering the purchase of equipment that would allow the company to add a new product to its line. The equipment is expected to cost $280,000 with a 7-year life, no salvage value, and will be depreciated using straight-line depreciation. The expected annual income related to this equipment follows. Compute the (a) payback period and (b) accounting rate of return for this equipment.Sales?$900,000?Costs:???Manufacturing$545,000??Depreciation on machine40,000??Selling and administrative expenses249,000(834,000)?Income before taxes?66,000?Income tax (30%)? ( 19,800)?Net income?$ 46,200?
What will be an ideal response?
Spafford Services, Inc. provides services to clients. On May 1, a client prepaid Spafford Services $30,000 for 6-months services in advance. Spafford Services' general journal entry to record this transaction will include a:
A. Debit to Unearned Management Fees for $30,000. B. Credit to Unearned Management Fees for $30,000. C. Credit to Management Fees Earned for $30,000. D. Credit to Cash for $30,000. E. Debit to Management Fees Earned for $30,000.
Jordan is a surety for Kelly's loan from Lenders Credit Corporation. When the loan comes due, Kelly tries to pay Lenders Credit, but the creditor rejects the payment. Jordan is
a. released from any obligation on the debt. b. required to pay the amount of the debt to Lenders Credit. c. required to pay up to half of the amount of the debt to Lenders Credit. d. required to pay the amount of the debt to Kelly.