In terms of organizational markets, discount stores are examples of ________
A) resellers
B) resuppliers
C) not-for-profit markets
D) producers
E) facilitating agents
A
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A $49,000, three-month, 12% note payable was issued on December 1, 2018. What is the amount of accrued interest on December 31, 2018? (Do not round any intermediate calculations, and round your final answer to the nearest dollar.)
A) $490 B) $708 C) $354 D) $823
Boulware Company's budgeted production calls for 5,000 units in October and 8,000 units in November. Each unit requires 8 pounds (lbs.) of raw material A. Each month's ending inventory of raw materials should equal 20% of the following month's budgeted materials requirements. The October 1 inventory for this material is 8,000 pounds. What is the budgeted materials purchases in pounds for October?
A. 60,800 lbs. B. 40,000 lbs. C. 52,800 lbs. D. 44,800 lbs. E. 35,200 lbs.
Pan Services, Inc. owns 32% of voting stock of Grey Investments, Inc. During the year 2017, Grey Investments, Inc. earned profits of $320,000. Under the equity method, which of the following journal entries will Pan Services record?
A) Long-term Investments-Grey Investments, Inc. 320,000 Cash 320,000 B) Cash 102,400 Dividend Revenue 102,400 C) Cash 102,400 Long-term Investments-Grey Investments, Inc. 102,400 D) Long-term Investments-Grey Investments, Inc. 102,400 Revenue from Investments 102,400
Consider the data on Inventory of Widgets Over a 10-Day Period. Any time that ending inventory falls to 15 or below, an order is placed for 20 units of the product. The lead time for delivery varies and is shown in the column under Lead Time. If the inventory costs amount to $3 per widget per day, then what are the total inventory costs?
A. $345
B. $215
C. $785
D. $68