Jim has $1,000 income from his job and $200 stock dividend income this month. This month Jim has rent and utilities of $300 and he spent $300 on groceries and $200 on clothing. What is his cash inflow this month?
A) $1,200
B) $400
C) $600
D) $500
Answer: A
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The UCC "perfect tender" provision states that
a. the buyer can reject the entire shipment if any portion of the goods are nonconforming. b. the buyer must accept the goods if the defects are minor and correctable. c. the buyer may not accept the conforming part of a shipment and reject the nonconforming part. d. a buyer must reject nonconforming goods.
It is a fundamental policy that if the parties do not provide definite enough terms in their contracts, the courts will complete the contract in the court's best judgment
a. True b. False Indicate whether the statement is true or false
Stockmaster Corporation has two manufacturing departments--Forming and Assembly. The company used the following data at the beginning of the year to calculate predetermined overhead rates: FormingAssemblyTotalEstimated total machine-hours (MHs) 5,000 5,000 10,000Estimated total fixed manufacturing overhead cost$27,000$10,500$37,500Estimated variable manufacturing overhead cost per MH$1.10$2.80 During the most recent month, the company started and completed two jobs--Job C and Job H. There were no beginning inventories. Data concerning those two jobs follow: Job CJob HDirect materials$11,200$7,500Direct labor cost$21,900$7,800Forming machine-hours 3,400 1,600Assembly machine-hours 2,000 3,000 Assume that the company uses a plantwide predetermined manufacturing overhead
rate based on machine-hours and uses a markup of 40% on manufacturing cost to establish selling prices. The calculated selling price for Job C is closest to: A. $62,980 B. $25,192 C. $96,989 D. $88,172
Raebin Xi, a stock management firm, implemented a new rule that allows its clients to have better clarity and knowledge about the firm's core functions and methods of operation. Identify the dimension of the social environment that this scenario exemplifies.
A. Age B. Income C. Ethics D. Diversity