Describe raw materials inventory and finished goods inventory
What will be an ideal response?
Raw materials inventory stores components like bicycle tires and other goods procured from suppliers. These raw materials must be on hand for assembly operations to occur in the Production process. Finished goods inventory is the completed products awaiting delivery to customers.
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Saturn Corporation has 13,000 shares of 14%, $84 par noncumulative preferred stock outstanding and 20,000 shares of no-par common stock outstanding
At the end of the current year, the corporation declares a dividend of $180,000. How is the dividend allocated between preferred and common stockholders? A) The dividend is allocated $8,107 to preferred stockholders and $109,091 to common stockholders. B) The dividend is allocated $152,880 to preferred stockholders and $27,120 to common stockholders. C) The dividend is allocated $70,909 to preferred stockholders and $109,091 to common stockholders. D) The dividend is allocated $235,200 to preferred stockholders and $55,200 to common stockholders.
The ________ consists of the criteria that allow a court to assume criminal jurisdiction when the defendant is a national of the forum state
A. territoriality nexus B. nationality nexus C. protective nexus D. universality nexus