Ingalls Mercantile Inc sells bolts of fabric to retailers for $80 per bolt. The company's accountant has prepared the following sales forecast (in bolts) for the first quarter of 2013: January 600 bolts February 1,000 bolts March 700 bolts Historically, the cash collection of sales has been as follows: 60 percent in the month of sale, 30 percent in the month following sale, and 9 percent in the
second month following sale. Cash receipts for March are expected to be:
A) $ 61,920
B) $182,160
C) $ 33,600
D) $ 57,840
A
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Describe "customer incentive to purchase" and explain how a supplier firm can take action to increase it
What will be an ideal response?
Work specialization increases efficiency in all of the following ways except by:
A. Allowing workers to become really good at their job tasks B. Making training easier C. Keeping employees engaged and focused on their jobs D. Improving efficiency through routines and patterns
A company has the choice of either selling 1,000 unfinished units as is or completing them. The company could sell the unfinished units as is for $4.00 per unit. Alternatively, it could complete the units with incremental costs of $1.00 per unit for direct materials, $2.00 per unit for direct labor, and $1.50 per unit for overhead, and then sell the finished units for $8.00 each. What should the company do?
A. Finish the units. B. Neither sell nor finish because both alternatives produce a loss. Instead, the company should store the units permanently. C. It does not matter because both alternatives have the same result. D. Sell the units as is. E. Donate the units.
In the classical model of decision making, the most appropriate decision possible in light of what is believed to be the most desirable consequences for the organization is known as the ________ decision.
A. intuitive B. subjective C. creative D. heuristic E. optimum