It is typical for inventory to represent a significant investment in?
a. Time
b. Money
c. Both time and money
d. Neither time nor money
c. Both time and money
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As a general rule, very few people feel the need to rationalize their behaviors
Indicate whether the statement is true or false
Cardoza Construction Materials Company has a sales office that sells concrete culvert pipes to property developers
The sales office is a revenue center and prepares a monthly responsibility report. The following information is provided. Revenue Center Responsibility Report Product Type Actual Sales Revenue Flexible Budget Variance U/F Flexible Budget Sales Volume Variance U/F Static Budget 40 inch $31,500 $30,750 $40,600 36 inch long 40,150 42,100 33,000 36 inch short 36,100 33,200 31,000 32 inch 19,100 20,300 28,450 What is the sales volume variance for the 36-inch long pipe? A) $1,950 U B) $9,100 F C) $9,850 U D) $750 F
The present value of a deferred annuity (e.g., an annuity that starts 10 years from today) can be
calculated in two steps: (1 ) calculate the future value of the annuity, and (2 ) calculate the present value of the amount determined in step (1 ). Indicate whether the statement is true or false
Mia's Boutique and Renaldi Co have dealt with each other for more than 10 years. Mia's Boutique orders 100 assorted lipsticks at $3.00 each from Renaldi Co Renaldi sends back a confirmation letter stating that the shipment will be made by UPS rather than by U.S. mail as usual. There is:
A) no contract, but a counteroffer. B) a contract for shipment by UPS unless Mia objects. C) a contract for shipment by UPS only if Mia agrees. D) a contract for shipment by U.S. mail.