Discretionary financing needed can be positive or zero, but not negative
Indicate whether the statement is true or false
FALSE
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The doctrine of part performance allows the court to order an oral contract for the sale of land or transfer of another interest in real property to be specifically performed if performance is necessary to avoid injustice
Indicate whether the statement is true or false
Suppose you take out a loan for $5,000, at 6% ordinary interest. If the amount of interest is $91.67, what is the time period? (Round to next higher day)
A. 111 days B. 125 days C. 112 days D. 137 days
What is a tenancy at will?
A. a tenancy created when a lease specifies intervals at which payments are due, but does not specify the duration of the lease B. a tenancy created by a lease that may be terminated at any time by either party C. a tenancy created when a tenant retains possession of property after the expiration of another tenancy D. a tenancy created when a landlord and a tenant agree on a specific duration for a lease
Kingston Company produces precision components. Kingston has 11 customers, one of which accounts for 60 percent of the sales, with the remaining ten accounting for the rest of the sales. The ten smaller customers purchase components in roughly equal quantities. Orders placed by the smaller customers are about the same size. Data concerning Kingston's customer activity follow: Large CustomerTen Small CustomersUnits purchased 300,000 200,000 Orders placed 12 420 Number of sales calls 20 230 Manufacturing cost$900,000 $600,000 Sales$1,800,000 $1,200,000 Order-filling costs for Kingston Company total $360,000, and sales-force costs are $300,000. Required:a. Determine the profitability of each of the two classes of customers (large and small). Allocate the order-filling
and sales force costs to the customers based on sales volume.b. Determine the profitability of each of the two classes of customers (large and small). Allocate the order-filling and sales force costs to the customers using an activity-based costing approach. What will be an ideal response?