Goods in transit are included in a purchaser's inventory:
A. After the half-way point between the buyer and seller.
B. When the supplier is responsible for freight charges.
C. When the goods are shipped FOB shipping point.
D. At any time during transit.
E. If the goods are shipped FOB destination.
Answer: C
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Suppose the Fed has set the federal funds rate at 4.5 percent using the Taylor rule. If the inflation rate increases by 1 percentage point and the weight on inflation gap is 0.5, all other variables remain unchanged, the federal funds rate should
A. decrease to 3.5 percent. B. decrease to 4 percent. C. increase to 5.5 percent. D. increase to 5 percent.
The cash balance on June 30 is projected to be $4500. The company has to maintain a minimum cash balance of $5,000 and is authorized to borrow at the end of each month to make up any shortfalls. It may borrow in increments of $5,000 and has to pay interest every month at an annual rate of 4%. All financing transactions are assumed to take place at the end of the month. The loan balance should be repaid in increments of $5,000 whenever there is surplus cash. Calculate the amount of principal repayment at the
Burchfield, Inc. has prepared its third quarter budget and provided the following data:
A) $5,000
B) $10,000
C) $15,000
D) $20,000
In making decisions:
a. variable and fixed costs should be separated. b. fixed costs can be relevant costs. c. the company has to consider available resources. d. some resources are purchased before they are used. e. All of the answers are correct.
Indicate the correct form of the verb in parentheses. The car (past tense of have) just 8,000 miles on it