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A physical inventory at the end of June was $882,000. Estimated Returns Inventory is expected to increase to $16,500. What is Cerelat Co.'s income from operations for the year?
A) $136,000
B) $121,500
C) $105,000
D) $180,000
A) $136,000
B) $121,500
C) $105,000
D) $180,000
On Jul 18, 2024
A
MC
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The breach of a contract for a sale of goods qualifies for specific performance only when substantially identical goods can be bought or sold in the market.
On Jul 17, 2024
False
MC
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________ can take many forms such as incessant teasing, demeaning criticism, social isolation, or sabotaging others' tools and equipment.
On Jun 18, 2024
Bullying
MC
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A shareholder of Nico Corporation dissents to the corporation's merger with Jinx Corporation. If the appraisal remedy is granted, the shareholders will be paid the:
A) par value of their shares.
B) stated value of their shares.
C) fair value of their shares.
D) accounting book value of their shares.
A) par value of their shares.
B) stated value of their shares.
C) fair value of their shares.
D) accounting book value of their shares.
On Jun 17, 2024
C
MC
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Activity-based budgeting is a budget system based on expected activities and their levels for the budget period,which helps management plan for the resources required.
On May 19, 2024
True
MC
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How are customer orders acknowledged? Describe the features of a well-written order confirmation.
On May 18, 2024
Answers will vary. When customers place orders for merchandise, they expect to get exactly what they ordered as quickly as possible. Most orders can be acknowledged by shipping the order; no message is necessary. For an initial order and for an order that cannot be filled quickly and precisely, companies typically send an acknowledgment message, a document that indicates the order has been received and is being processed. Typically, acknowledgment messages are preprinted letters or copies of the sales order.
A well-written order confirmation has the following features:
a. It provides a warm, personal subject line.
b. It welcomes new customers.
c. It assures quality service.
d. It reiterates the benefits of the service to a customer.
Nonroutine orders, such as initial orders, custom orders, and delayed orders, require individualized acknowledgment messages. When well-written, these messages not only acknowledge the order but also create customer goodwill and encourage the customer to place additional orders.
A well-written order confirmation has the following features:
a. It provides a warm, personal subject line.
b. It welcomes new customers.
c. It assures quality service.
d. It reiterates the benefits of the service to a customer.
Nonroutine orders, such as initial orders, custom orders, and delayed orders, require individualized acknowledgment messages. When well-written, these messages not only acknowledge the order but also create customer goodwill and encourage the customer to place additional orders.