MRO items are
A. natural products.
B. supplies.
C. component parts and materials.
D. accessory equipment.
E. modified rebuy orders.
Answer: B
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A merchant who is in the business of selling certain goods makes an implied warranty of merchantability every time she sells any type of merchandise.
Answer the following statement true (T) or false (F)
The gross price method highlights sales discounts taken and the net price method highlights sales discounts NOT taken
Indicate whether the statement is true or false
Paul and Marissa have worked together for 12 years. They have lunch in the company cafeteria every day and use that time to talk about their jobs, their kids, and their lives. Although they are both married, their spouses understand their close relationship, and the couples socialize outside the workplace. What type of workplace relationship is this?
a. mentor–protégé b. work–spouse c. friendship d. collegial peer
Flashbinder Guitars, Inc is considering a lockbox system that will increase its check processing cost
by $.15 per check. The company estimates an average check size of $1,700 and expects the lockbox to reduce check collection time by 3 days. What annual before-tax yield must Flashbinder Guitars, Inc earn on its marketable securities for the lockbox system to be beneficial? A) 0.735% B) 1.118% C) 1.825% D) 1.074%