Procurement involves the processes to obtain resources to create value through sourcing, purchasing, and recycling, including materials and information.
Answer the following statement true (T) or false (F)
True
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Maxim manufactures a hamster food product called Green Health. Maxim currently has 10,000 bags of Green Health on hand. The variable production costs per bag are $1.80 and total fixed costs are $10,000. The hamster food can be sold as it is for $9.00 per bag or be processed further into Premium Green and Green Deluxe at an additional $2,000 cost. The additional processing will yield 10,000 bags of Premium Green and 3,000 bags of Green Deluxe, which can be sold for $8 and $6 per bag, respectively. The net advantage (incremental income) of processing Green Health further into Premium Green and Green Deluxe would be:
A. $2,000. B. $96,000. C. $98,000. D. $8,000. E. $6,000.
If a company is comparing this year's financial performance to last year's financial performance, it is using horizontal analysis.
Answer the following statement true (T) or false (F)
A partnership agreement should include all but which one of the following?
a. The duties of the partners. b. The capital contribution of the partners. c. The agreement for dividing tax liability of the partnership. d. The division of profits and losses.
Mark Weiser, who coined the expression ubiquitous computing, refers to this as the age of "invisible technology," when technology "recedes into the background of our lives."
Answer the following statement true (T) or false (F)