In Blimka v. My Web Wholesalers, which involved a dispute between an Idaho resident who ordered jeans from a Maine website-based seller, the Idaho court held that since the Maine seller had no physical presence in Idaho it was not subject to Idaho court jurisdiction

a. True
b. False
Indicate whether the statement is true or false


False

Business

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Under the two-variance approach, the volume variance is computed by subtracting ____ based on standard input allowed for the production achieved from budgeted overhead

a. applied overhead b. actual overhead c. budgeted fixed overhead plus actual variable overhead d. budgeted variable overhead

Business

Describe the inventory function that a firm is relying on when it purchases inventory in advance of expected high demand. Give at least one example of this type of inventory management decision.

What will be an ideal response?

Business

Refer to the table. If a second server was added with the same service rate, what would be the revised utilization factor of the system?

A) 70% B) 50% C) 49% D) 35% E) 25%

Business

196A company had net sales of $1,540,500 in 2015 and $1,495,000 in 2016. Its average assets were $810,000 for 2015 and $800,000 for 2016. (1) Calculate the total asset turnover for each year. (2) Interpret and comment on the company's efficiency in the use of its assets.

What will be an ideal response?

Business