What is the total profit generated by Malcolm Airlines?
A) $240,000
B) $76,000
C) $120,000
D) $98,000
B
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Jorge, a restaurant manager, has to make a decision about firing a server who has had customer service issues. Discuss how Jorge can use the steps of rational decision making to address the issue. Be sure to specifically outline how you would implement the solution.
What will be an ideal response?
On September 12, Vander Company sold merchandise in the amount of $5,800 to Jepson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Vander uses the periodic inventory system and the gross method of accounting for sales. Jepson pays the invoice on September 18, and takes the appropriate discount. The journal entry that Vander makes on September 18 is:
A.
| Cash | 4,000 | |
| Accounts receivable | 4,000 |
B.
| Cash | 5,684 | |
| Accounts receivable | 5,684 |
C.
| Cash | 3,920 | |
| Sales discounts | 80 | |
| Accounts receivable | 4,000 |
D.
| Cash | 5,800 | |
| Accounts receivable | 5,800 |
E.
| Cash | 5,684 | |
| Sales discounts | 116 | |
| Accounts receivable | 5,800 |
Consider the data on Inventory for Blenders Over a 20-Day Period. Any time that ending inventory falls to 15 or below, an order is placed for 30 units of the product. The lead time for delivery varies and is shown in the column under Lead Time. If the ordering costs were $38 each time the product is ordered, what are the total ordering costs during the 20-day period?
a. $114
b. $228
c. $76
d. $182
Which of the following statements is most correct about the legality of drug testing?
a. drug testing will usually be upheld, provided that the employer had reasonable grounds for suspecting that the individual employee was under the influence of drugs b. drug testing will usually not be upheld if it is legally challenged c. drug testing will be upheld for private sector employees, but not for public employees d. drug testing will usually be upheld, but random testing procedures are the most susceptible to challenge