Kevin is a salesperson selling electronic goods. A customer complains about problems with the music player purchased by him the previous week. He requests a replacement. Kevin explains the store's exchange policies and asks the customer to fill out a complaint form. Therefore, Kevin is dealing with the customer's problems with
A. distributive fairness.
B. perceptual equity.
C. procedural fairness.
D. consistent fairness.
E. service equity.
Answer: C
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Indicate whether the statement is true or false.
Pavone Corp has prepared a preliminary cash budget for the third quarter as shown below
Cash Budget Jul Aug Sep Beginning cash balance $36,000 $11,400 $16,900 Plus: Cash collections $49,400 $53,000 44,800 Cash available 85,400 $64,400 $61,700 Less: Cash payments: Purchases of direct materials 35,000 9,000 11,000 Operating expenses 39,000 30,500 30,700 Capital expenditures 0 8,000 7,000 Ending cash balance $11,400 $16,900 $13,000 Subsequently, the marketing department revised its figures for cash collections. New data are as follows: $57,000 in July, $56,000 in August, and $44,000 in September. Based on the new data, calculate the new projected cash balance at the end of September. A) $27,500 B) $13,000 C) $19,000 D) $22,800
Inventory
a. is held against uncertain usage so that a supply of items is available if needed. b. constitutes a small part of the cost of doing business. c. is not something that can be managed effectively. d. All of these are correct.
The Hamilton Company planned to produce 150,000 units during the current year. At that production volume, the company estimated that its overhead costs would amount to $637,500.Required:1) Calculate the predetermined overhead rate per unit based on expected production.2) Assume that actual output totaled only 145,000 units but the actual overhead cost incurred was $637,500, as expected. How much overhead cost was allocated to work in process? By how much was overhead overapplied or underapplied during the period? (Be sure to indicate whether over- or underapplied.)3) Assume that actual output totaled 150,000 units, as expected, but actual overhead costs amounted to $600,000. How much overhead cost was allocated to work in process? By how much was overhead overapplied or underapplied
during the period? (Be sure to indicate whether over- or underapplied.)4) Summarize the conditions that lead to over- or underapplied overhead. What will be an ideal response?