Cosmo has just made his dream come true of buying the property that his restaurant occupies. His excitement is short lived however. He now realizes that he needs to come up with the extra money for the mortgage. Cosmo decides to rent out the store front next to the restaurant for added income. After acquiring the property, Cosmo shifted his focus onto which aspect of goal setting theory
a. Direct effects
b. Absolute effects
c. Indirect effects
d. Unintended effects
c. Indirect effects
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A truck with a book value of $1,400 is traded in on a new truck with a list price of $24,000 . A trade-in allowance of $3,500 is given by the seller of the new truck. The new truck should be recorded on the ledger of the buyer at:
a. $24,000 - $3,500 + $1,400 = $21,900 b. $24,000 + $3,500 - $1,400 = $26,100 c. $24,000 - $3,500 = $20,500 d. $24,000 e. $24,000 + $1,400 + $3,500 = $28,900
Comet? Canisters, Inc. has collected the following data for the current? year: ... What is the unit product cost using absorption? costing? (Round your answer to the nearest? cent.)
Comet? Canisters, Inc. has collected the following data for the current? year:
Beginning Finished Goods Inventory | 60 units |
Units produced | 550 units |
Units sold | 610 units |
Sales price | $140 per unit |
Direct materials | $32 per unit |
Direct labor | $18 per unit |
Variable manufacturing overhead | $19 per unit |
Fixed manufacturing overhead | $11,200 per year |
Variable selling and administrative costs | $4 per unit |
Fixed selling and administrative costs | $12,500 per year |
While many economic indicators have been negative during the first half of 2009, the Wall Street Journal recently reported that U.S. retail sales were actually up in April. In fact, the performance of 61% of the retailers in the study topped analysts' expectations. If Costco used this report as factor in their expansion plans they would be using _____ data.
A. secondary B. primary C. dichotomous D. convenience E. observation
What of the following best describes just-in-time inventory management?
A) Inventory is maintained as a buffer to meet uncertainties in demand, supply, and movements of goods. B) Production inefficiencies arising when production capacity stands idle for lack of materials are minimized by holding a small stock of essentials at all times. C) A firm acquires inventory precisely when needed so that its inventory balance is always at, or close to, zero. D) A firm minimizes the time lags present in the supply chain by maintaining a certain amount of inventory to use in these lag times.