Bill owns and operates a farm and a farm machinery dealership. Under the Code, a new tractor that Bill uses on his farm is classified as:
a. farm products.
b. inventory.
c. consumer goods.
d. equipment.
d
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Which of the following is true about auctions?
A. An item cannot be withdrawn from sale prior to acceptance. B. The seller is required to accept the final offer when the auction is advertised as being "with reserve." C. Acceptance occurs when an offeror makes the highest bid. D. Bidders are treated as offerors, making offers the seller is free to accept or reject.
Oliver is the CEO of Greensprings Landscaping. At the recent budget planning meeting, Oliver stated that last year's sales were down from the previous period. He then went on to say that Greensprings would have a budget of $100,000 for advertising in the coming year. In this instance, Oliver was using the
A. arbitrary approach. B. executive decision process. C. objective-and-task approach. D. percentage-of-sales approach. E. competition-matching approach.
Firm D cash sales for the month are $100,000 and its accounts receivable payments for the month are $100,000
What is its total incoming cash flow for the month if its beginning cash for the month is $50,000, its wages and salaries for the month are $50,000 and there are no other cash inflows for the month? A) $150,000 B) $200,000 C) $250,000 D) Cannot tell because we do not know the beginning cash for the month.
The time between placing orders is the lead time
a. True b. False Indicate whether the statement is true or false