________ is a procedure by which a buyer turns over the purchase price and the seller turns over the securities in a securities transaction
A. Expropriation
B. Insider trading
C. Clearance and settlement
D. Conformity assessment procedure
C
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Martinez Co borrowed $50,000 on March 1 of the current year by signing a 60day, 9%, interest-bearingnote. Assuming a 360-day year, when the note is paid on April 30, the entry to record the payment should include a
a. debit to Interest Payable for $750 b. debit to Interest Expense for $750 c. credit to Cash for $50,000 d. credit to Cash for $54,500
Use this information for questions that refer to the United Tools case.Terry Harter is marketing manager for United Tools, and Mike O'Reilly is the firm's logistics manager. They work together to make decisions about how to get United's hand and power tools to its customers-a mix of manufacturing plants and final consumers (who buy United tools at a hardware store). United Tools does not own its own transport facilities, and it works with wholesalers to reach its business customers.Together, Harter and O'Reilly try to coordinate transporting, storing, and product-handling activities to minimize cost while still achieving the customer service level their customers and intermediaries want. This usually requires that United keep an inventory of most of its products on hand; but demand for
its products is fairly consistent over time, so inventory is easy to manage.Harter has identified four options for physical distribution systems she could use to reach two of her key wholesalers, Ralston Supply and Ricotta Tool Co. The total cost for each option-and the distribution service levels that can be achieved-are as follows:
Ralston Supply expects a very high level (90 percent) of distribution customer service. Ricotta Tool Co. is willing to settle for a 70 percent customer service -leveleven if that means some products will occasionally be out of -stockif it gets products at a lower price.For its large retail hardware customers (like Home Depot), United regularly ships smaller orders directly to individual stores or in some cases to the retail chain's warehouses. Cross-country shipments usually go by rail, while regional shipments usually go by truck. When United Tools considers its total inventory cost, which of the following would NOT be included?
A. costs of damage to products while in inventory
B. costs of inventory becoming obsolete
C. cost of money tied up in inventory
D. cost of a storage facility
E. All of these should be included in total inventory cost.
Which of the following kinds of lease agreements exists between Chris and Dave?
A) an accommodation B) a gross lease C) an assignment D) an easement
The ________ approach is aimed at understanding how psychological and social processes interact with the work situation to influence performance.
A. human relations B. bureaucracy C. systematic management D. scientific management E. administrative management