Organizational markets differ from consumer markets in that organizational markets ________
A) have a high number of purchases that are low risk and low cost
B) have derived demand
C) are not geographically concentrated
D) have a single individual in the role of decision maker
E) involve more frequent purchases
B
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Vermeillen Corporation uses a standard costing system in which variable manufacturing overhead is assigned to production on the basis of the number of machine setups. The following data pertain to one month's operations:•Variable manufacturing overhead cost incurred: $70,000 •Total variable manufacturing overhead variance: $4,550 Favorable •Standard machine setups allowed for actual production: 3,550 •Actual machine setups incurred: 3,500 The variable overhead rate variance is:
A. $3,500 Favorable B. $3,500 Unfavorable C. $1,000 Unfavorable D. $1,000 Favorable
Excessive use of ________ power tends to be ineffective and can cause dangerous working conditions.
A. referent B. expert C. legitimate D. coercive E. transformational
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 second interest payment using the effective interest method of amortization is:
A. Debit Interest Expense $12,648.28; debit Premium on Bonds Payable $1,351.72; credit Cash $14,000.00. B. Debit Interest Expense $15,405.79; credit Discount on Bonds Payable $1,405.79; credit Cash $14,000.00. C. Debit Interest Expense $12,648.28; debit Discount on Bonds Payable $1,351.72; credit Cash $14,000.00. D. Debit Interest Payable $14,000.00; credit Cash $14,000.00. E. Debit Interest Expense $15,351.72; credit Discount on Bonds Payable $1,351.72; credit Cash $14,000.00.
Hilex Inc. structures a transaction to shift income from its California office to its Oregon office. This tax planning strategy may be taking advantage of the:
A. Character variable B. Entity variable C. Time period variable D. Jurisdiction variable