Which compensation system is most appropriate for a pure order-taking position?
a. compensation cafeteria
b. straight-commission plan
c. PMs
d. straight-salary plan
d
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As the risk of material misstatement increases, what happens with detection risk?
a. Medium increase. b. Stay the same. c. Decrease. d. Severely increase.
Refer to Table 4-2. The Net Return on Assets ratio for 2007 was approximately
A) 0.18. B) 0.23. C) 0.20. D) 0.22.
Given the following information for Miller, Inc.: ? ? Cost Retail Markdown cancellations $950 Markup cancellations 3,500 Employee discounts 1,020 Purchase returns $1,030 1,520 Purchases 35,400 46,787 Inventory, January 1 7,160 13,820 Purchase discounts taken 756 ? Freight-in 4,000 ? Markups 14,500 Markdowns 2,600 Sales ? 56,700 Required: a.Determine the inventory value using the retail inventory method and the FIFO cost flow assumption. Round off any decimals to two places.b.Determine the inventory value using the retail inventory method and the lower of average cost or market cost flow assumption.
What will be an ideal response?
Disintermediation is the process by which the consumer bypasses the services of an intermediary or intermediaries in the chain of distribution to purchase products directly from those who supply or produce them
Indicate whether the statement is true or false