Which of the following perspectives of quality is meaningful for production workers who are responsible for guaranteeing that design specifications are met during production?
a. User perspective
b. Customer perspective
c. Product perspective
d. Manufacturing perspective
d
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Which of the following entities is present in a zero-level marketing channel?
A) consumers B) retailers C) brokers D) jobbers E) wholesalers
Which of the following types of compensation scheme should be used when management is more interested in long-term goals rather than simply selling as much volume as possible?
A) a straight commission B) a straight salary C) a trade allowance D) an incentive payment
Cayman Inc. bought 30% of Maya Company on January 1, 2018 for $450,000. The equity method of accounting was used. The book value and fair value of the net assets of Maya on that date were $1,500,000. Maya began supplying inventory to Cayman as follows: Cost to MayaTransfer PriceAmount Held by Cayman at Year-End2018$30,000$45,000$9,0002019$48,000$80,00020,000??Maya reported net income of $100,000 in 2018 and $120,000 in 2019 while paying $40,000 in dividends each year.?What is the balance in Cayman's Investment in Maya account at December 31, 2019?
A. $488,700. B. $514,500. C. $494,400. D. $492,000. E. $489,600.
Art and Alma made capital contributions of 60% and 40% respectively to their newly formed partnership, AA & Associates. They did not have a written partnership agreement. At the end of the first year, the partnership made a profit of which Alma now claims half. However, Art maintains he should receive 60%. Who is correct?
a. Art, since the UPA presumes that profits and losses are divided in proportion to capital contribution. b. Art, since it would only be fair. c. Alma, because she works in the business. d. Alma, as the UPA provides that profits are split equally unless the partners agree otherwise.