Carol's mother died and Carol inherited a lot of large valuable antique furniture. Carol does not have any room in her apartment for this furniture so she wants to sell it
She goes to Elite Antiques, a well-known antique store and they agree that Carol can put the furniture in their store and Elite will try to sell the furniture. If the furniture sells Elite will get 40% of the sale price and Carol will get 60%. This is an example of
A) a financing lease
B) a consignment
C) an assignment
D) a conditional sales contract
E) a receivership
B
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To meet the new competition, prices of the old products usually
A. remain unchanged, but interest in the product is renewed with vigorous advertising. B. drop. C. are supplemented with coupons. D. increase. E. increase while being offset with discounts and coupons.
The correct purchase order number is 123456 . All of the following are transcription errors except
a. 1234567 b. 12345 c. 124356 d. 123454
The market value of equipment owned by a company is a sunk cost and should not be taken into account in deciding whether or not to replace the equipment.
Answer the following statement true (T) or false (F)
Tunstall Manufacturing sells medical supplies, including stethoscopes. On September 30, the company had 3,000 stethoscopes in inventory. The company's policy is to maintain an inventory equal to 15% of next month's sales. The company expects the following sales activity for the fourth quarter of the year: October 20,000 stethoscopes November 27,000 stethoscopes December 24,000 stethoscopes In
addition, January sales for the following year are projected to be 30,000 stethoscopes. What is the total required production for the fourth quarter? A) 72,500 stethoscopes B) 69,500 stethoscopes C) 75,500 stethoscopes D) 68,000 stethoscopes