Expected annual usage of a particular raw material is 1,200,00 . units, and standard order size is 10,00 . units. The invoice cost of each unit is $145, and the cost to place one purchase order is $105 . The estimated annual order cost is:
a. $12,000.
b. $17,400.
c. $12,600.
d. $800,000.
c
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The amount of the promissory note plus the interest earned on the due date is called the
A) realizable value B) maturity value C) face value D) net realizable value
The following data is available for the Janitorial Services Department of Glitterol Co. Revenues$216,000Cost of Sales 168,000Expenses:?Supplies-Direct12,000Salaries-Indirect Allocated34,000Rent-Direct8,000Rent-Indirect Allocated4,500Required: Calculate departmental contribution to overhead for the Janitorial Services Department, including the department's contribution as a percentage of revenues.
What will be an ideal response?
The definition of "usage of trade" includes:
a. a sequence of previous conduct between the parties that may fairly be regarded as establishing a common basis of understanding for interpreting their expressions and agreement. b. a practice regularly observed and followed in a place, vocation, or trade. c. separation rules that apply to transactions between merchants. d. All of these.
Which of the following is LEAST likely to be classified as a marketing collaborator?
A. Quality Coatings and Paint Company B. Internet Advertising, Inc. C. Wachovia Bank D. Market Survey Research, Inc. E. Mayflower Transport Company