A(n) ________ is the variable amount in a salesperson's compensation
A) bonus
B) commission
C) salary
D) incentive
E) profit-sharing plan
B
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A bond is issued at a discount when a bond's stated interest rate is ________.
A) equal to the market interest rate B) more than the effective interest rate C) less than the market interest rate D) more than the market interest rate
Which performance plan is most tied to company objectives?
a. profit sharing b. pensions c. piece rate d. merit pay
It is now near the end of May and you must prepare a forecast for June for a certain product. The forecast for May was 900 units. The actual demand for May was 1000 units. You are using the exponential smoothing method with ?= 0.20
The forecast for June is: A) fewer than 925 units. B) greater than or equal to 925 units but fewer than 950 units. C) greater than or equal to 950 units but fewer than 1000 units. D) greater than or equal to 1000 units.
Pharma Pesticides Corp. uses the sales forecast to plan production. The company produces the bug killer "2K Spray" one month in advance of the forecasted sale
The January sales forecast of 380 units will be scheduled for December production. However, the company also notes that sales forecasts and actual sales can differ, and the company has a policy of having 10% in inventory to accommodate sales above forecast. Raw materials for 2K Spray are acquired the month ahead (in this case, November). Wages are paid in the current month of production (December). Utilities are paid a month after production (January), and shipping is paid a month after the sale (two months after production, February). Finally, an inventory count reveals that there are currently 30 units on hand above the projected sales for November (at the start of November when the raw material order is placed). Unit production costs are $500 for raw materials, $300 for wages, $200 for utilities, and $100 for shipping. Determine the month of cash outflow for a December production. What would you need to determine January's cash outflow? What would complicate this process? What will be an ideal response?