Which of the following adjectives best describes a product that would be classified as a good?
A) nonperishable
B) convenient
C) disposable
D) tangible
E) heterogeneous
D
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Advanced degrees are more important for leaders than acquired expertise in matters relevant to an organization.
Answer the following statement true (T) or false (F)
Helen deposits a $50 check in her account at First Bank at 4:00 on Friday. The bank is closed on Saturday and Sunday, but opens again on Monday. The midnight deadline for First Bank would be:
a. Midnight Saturday. b. Midnight Sunday. c. Midnight Monday. d. Midnight Tuesday.
One of the elements of a valid contract is a fair price.
Answer the following statement true (T) or false (F)
Delongis Corporation, a merchandising company, reported the following results for June: Number of units sold 1,200unitsSelling price per unit$221per unitUnit cost of goods sold$97per unitVariable selling expense per unit$12per unitTotal fixed selling expense$7,300 Variable administrative expense per unit$8per unitTotal fixed administrative expense$15,300 Cost of goods sold is a variable cost in this company.The gross margin for June is:
A. $124,800 B. $102,200 C. $148,800 D. $242,600