Purchases of goods and services based on long-term contracts is referred to as
A) direct materials acquisition.
B) consolidation.
C) spot buying.
D) strategic sourcing.
D
Business
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All of Fake Stone's costs and net working capital vary directly with sales. Sales are projected to increase by 3.5 percent. What is the pro forma accounts receivable balance for next year?
A. $1,659.80 B. $1,661.84 C. $1,780.20 D. $1,787.80 E. $1,800.46
Business
A ___________ is an increase in net assets from an event incidental to the company's business.
a. liability b. gain c. asset d. loss e. stockholder's equity
Business