Management of parts required for end items represents?

a. Independent demand
b. Associated demand
c. Dependent demand
d. Restricted demand


c. Dependent demand

Business

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Anthony Company sold Madison Company merchandise on account FOB shipping point, 2/10, net 30, for $20,000. Anthony prepaid the $300 shipping charge. Which of the following entries does Anthony make to record this sale?

A) Accounts Receivable-Madison, debit $20,000; Sales, credit $20,000 B) Accounts Receivable-Madison, debit $20,000; Sales, credit $20,000, andAccounts Receivable-Madison, debit $300; Cash, credit $300 C) Accounts Receivable-Madison, debit $20,500; Sales, credit $20,500 D) Accounts Receivable-Madison, debit $20,000; Sales, credit $20,000, andFreight Out, debit $300; Cash, credit $300

Business

Selling costs are recognized as expenses in the period when goods are sold.

Answer the following statement true (T) or false (F)

Business

Assuming a note made by Barbara payable to Carol, which indorsement will limit negotiability?

a. "Pay Al. Carol." b. "For deposit only, Acct. #602-043 . Carol." c. "Pay Connie for Al. Carol." d. "Pay Claudia as attorney for John Jones. Carol."

Business

Which of the following statements is FALSE about minimax regret criterion?

a. It is superior to use the maximax, maximin, and Hurwicz criteria. b. It includes more relevant problem information. c. It leads to more informed decision-making. d. It uses all the information available in the payoff matrix.

Business