A merchandising company typically will have a high proportion of which type of cost in its cost structure?

A. Variable.
B. Mixed.
C. Fixed.
D. Step-variable.


Answer: A

Business

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The following selected account balances appeared on the financial statements of the Washington Company: Accounts Receivable, Jan. 1 $13,000 Accounts Receivable, Dec. 31 9,000 Accounts Payable, Jan 1 4,000 Accounts payable Dec. 31 7,000 Merchandise Inventory, Jan 1 10,000 Merchandise Inventory, Dec 31 15,000 Sales 56,000 Cost of Goods Sold 31,000 The Washington Company uses the direct method to

calculate net cash flow from operating activities. Cash paid to suppliers is A) $39,000 B) $33,000 C) $29,000 D) $23,000

Business

La'Shon is hoping to obtain a job in broadcasting and plans to send his résumé to a variety of media organizations. He should make his résumé as convincing as possible but should not send a video to avoid possible discrimination due to gender, ethnicity, or other characteristics

Indicate whether the statement is true or false

Business

A department store hiring temporary workers to deal with increased demand during the holiday season is practicing what approach?

a. Seasonal management b. Store management c. Demand management d. Labor management

Business

Grace is the CEO of an organization with its managers reporting to both a geographical manager and a product division manager. Staffers report to a functional manager who can help with skills and help prioritize and review work, and to a product line manager who sets direction on product offerings by the company. Grace is part of which type of organizational structure?

a. Matrix b. Functional c. Divisional d. Simple

Business