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Adam is a traveling salesperson for Peter Petri Plumbing Supply Corp. Adam has express authority to solicit orders from customers and to offer a 5 percent discount if payment is made within thirty days of delivery. Petri has said nothing to Adam about extending credit. Adam calls on a new prospective customer, John's Plumbing Firm. John tells Adam that he will place a large order for Petri products if Adam will give him a 10 percent discount with payment due in equal instalments thirty, sixth, and ninety, days from delivery. Adam says he has authority to make such a contract. John calls Petri and asks if Adam is authorized to make contracts giving a discount. No mention is made of payment terms. Petri replies that Adam has authority to give discounts on purchase orders. On the basis of this information, John orders $10,000 worth of plumbing supplies and fixtures. The goods are delivered and are being sold. One week later, John receives a bill for $9,500 due in thirty days. John insists he owes only $9,000 and can pay it in these equal instalments, at thirty, sixty, and ninety days from delivery. Discuss the liability of Petri and John only.
What is the role of Information Systems in preventing fraud or unethical behavior in a company? Discuss If a company’s manufacturing system increased production based on the fraudulent sales in the previous quarter! Can the computer system provide tr..
Rothe Company manufactures and sells a single product that it sells for $200 per unit and has a contribution margin ratio of 25%. The company's fixed costs are $43,000. If Rothe desires a monthly target operating profit equal to 20% of sales, sales w..
(Industrial Baking Process) Strohrmann, a large scale bakery in Pennsylvania, is laying out a new production process for their packaged bread, which they sell to several grocery chains. It takes 12 minutes to bake the bread. How large an oven is requ..
Melissa Clare works for a software company as a technical support representative. Her duties include answering the telephone, providing information to customers, and troubleshooting technical problems.
What are at least three main benefits of the just-in-time system? Present and explain them. What are at least three main drawbacks/problems of the just-in-time system?
How much time will be allocated to each step or task. What voting mechanism is most appropriate for the size of the group and the specific stage of the process
What impact do benefit offerings have on marketplace competitiveness and the ability to attract and keep quality employees? Do you think pay is the primary motivating factor for most job applicants and existing employees?
Discuss the difference between “Management” and “Leadership” in relation to how they may lead to different behaviors of employees. Assess the impact of situational leadership methods on organizational performance in the following situation - An organ..
Why is it important to adopt a big picture approach to capacity planning?
Explain each of the five steps of a Six Sigma project. Identify an organization that has successfully utilized the Six Sigma process and explain the purpose of the project, the outcome of the project, and the major accomplishments or milestones as..
Explain the trade off between responsiveness and stability in a forecasting system that uses time series data
A bottling plant fills 1,200 bottles every two hours. The lead time is 30 minutes and a container accommodates 140 bottles. The safety stock is 10 percent of expected demand. How many kanban cards are needed? (Round up your answer to the ne..
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