Short grass incorporated is a distributor of golf balls. martin's golf supplies is a local retail outlet which sells golf balls. martin's purchases the golf balls from short grass incorporated at $0.75 per ball; the golf balls are shipped in cartons of 72. short grass incorporated pays all incoming freight, and martin's golf supplies does not inspect the balls due to short grass' reputation for high quality. annual demand is 155,520 golf balls at a rate of 2,991 balls per week. martin's golf supplies earns 12% on its cash investments. the purchase-order lead time is one week. the following cost data are available: relevant ordering costs per purchase order $125.00 carrying costs per carton per year: relevant insurance, materials handling, breakage, etc., per year $ 0.77 if martin's makes an order (1/12 of annual demand) once per month, what are the relevant total costs? a. $3,000.00 b. $652.50 c. $2,152.50 d. $1,500

Peppy roaney believes that pizza is a much more versatile dish than most people realize. as the national marketing manager for pizza guys, he observed how consumers were delighted with barbecue pizza, hawaiian pizza, mexican pizza and other unique combinations. his suggestions for other unusual pizzas, however, were met with a negative response by his superiors. even some of his colleagues laughed at his ideas. peppy's confidence in his ability to understand the market has led him to focus on planning a business of his own. peppy realizes that he will take a risk when he leaves his job with pizza guys and embarks upon a new venture: peppy's pizzazzeria. peppy is excited about the potential of profitably catering to the unmet desires of pizza consumers. peppy is confident that peppy's pizzazzeria will be a success, but only if he has enough money to do things right. since peppy has very little personal wealth, he knows he must obtain financial assistance. in order to prepare for meetings with bankers and p

Martha is the head of the accounts department in a small manufacturing company. the company follows the accrual-basis method of accounting. it recently purchased raw materials worth $5,000 from its vendors. however, the company paid only $3,000 to its vendors. it plans to pay the remaining amount after three months. considering this information, which entry should martha record in the company’s accounts? a. $5,000 as accounts receivable b. $3,000 as accounts payable c. $2,000 as accounts payable d. $2,000 as accounts receivable

Question 55 ted, a supervisor for jack's pool supplies, was accused of stealing pool supplies and selling them to friends and relatives at reduced prices. given ted's earlier track record, he was not fired immediately. the authorities decided to give him an administrative leave, without pay, until the investigation was complete. in view of the given information, it would be most appropriate to say that ted was: demoted. discharged. suspended. dismissed.