A _____ has had its quality systems extensively audited by the buying firm and are capable of consistently meeting or exceeding the buyer's quality needs
a. certified supplier
b. disqualified supplier
c. single source supplier
d. partnered supplier
e. None of the above.
a
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On January 1, a company issues bonds dated January 1 with a par value of $400,000. The bonds mature in 5 years. The contract rate is 7%, and interest is paid semiannually on June 30 and December 31. The market rate is 8% and the bonds are sold for $383,793. The journal entry to record the issuance of the bond is:
A. Debit Cash $400,000; debit Discount on Bonds Payable $16,207; credit Bonds Payable $416,207. B. Debit Cash $383,793; debit Premium on Bonds Payable $16,207; credit Bonds Payable $400,000. C. Debit Cash $383,793; credit Bonds Payable $383,793. D. Debit Bonds Payable $400,000; debit Bond Interest Expense $16,207; credit Cash $416,207. E. Debit Cash $383,793; debit Discount on Bonds Payable $16,207; credit Bonds Payable $400,000.
Which of the following statements is correct concerning the effective use of graphics?
a. The use of graphics makes text discussion unnecessary. b. Three or four pages of well-designed graphics can effectively convey several hundred pages of text. c. Graphics should be reserved for communicating ideas that are highly quantitative. d. The term "graphics" in business reports refers solely to the use of bar charts, line charts, and pie charts.
The process whereby a court "rewrites" or "corrects" a written contract to make it conform to the true intentions of the parties is:
A) injunction. B) reformation. C) specific performance. D) rescission.
At a sales volume of 40,000 units, Lonnie Company's total fixed costs are $40,000 and total variable costs are $60,000. The relevant range is 30,000 to 50,000 units. If Lonnie were to sell 42,000 units, the total expected cost would be:
A. $102,000 B. $105,000 C. $103,000 D. $100,000