Yelk Garage uses time and materials pricing. It is setting prices for next year using the following information: Labor rate, including fringe benefits$50per hourAnnual labor hours 3,350hoursAnnual materials purchases$825,000 Materials purchasing, handling, and storage$41,250 Overhead for depreciation, taxes, insurance, etc.$67,000 Target profit margin for both labor and materials 20% What should Yelk set as the materials markup per dollar of materials used?
A. 35%.
B. 20%.
C. 25%.
D. 5%.
E. 30%.
Answer: C
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Who developed the Managerial Grid, which was later transformed into the Leadership Grid?
a. John Redwood and Margaret Walker b. Anderson DeWalt and Jeff McComb c. Robert Blake and Jane Mouton d. Madelyn Marse and Cory Heuser
Mei writes a check to Nat in an amount that represents half of her debt to him. On the back of the check, Mei includes the words "payment in full." Nat cashes the check. This discharges the entire debt
A. if the debt is liquidated. B. if the debt is past due. C. if the debt is unliquidated. D. under no circumstances.
Cynthia Todd is the holder of a check with the indorsement "Judd Solomon." To protect herself, Cynthia may:
A) convert the special indorsement to a blank indorsement. B) convert the special indorsement to a qualified indorsement. C) write above Judd's signature, "Pay Cynthia Todd." D) not convert the indorsements, but could only protect her interest in the check by depositing it in her account as soon as possible.
Which of the following statements is true regarding reliability and validity?
A. Reliability is a necessary and sufficient condition for validity. B. Reliability of a measure is essential for it to have any validity. C. Reliability and validity are directly proportional to each other. D. Reliability and validity are inversely proportional to each other. E. Reliability and validity are independent of each other.