A goal of distributors is to minimize obsolete inventory. Which definition below best describes obsolete inventory? Group of answer choices inventory in a different part of the supply chain inventory in transit, no longer stored at the warehouse inventory that is out-of-date or inventory that has not been in recent demand inventory in production, expected to be delivered and stored in the near future

Collective bargaining provides for a representative of employees to negotiate with a representative of management over labor issues including wages.true or false?

Highland company produces a lightweight backpack that is popular with college students. standard variable costs relating to a single backpack are given below

Lavage rapide is a canadian company that owns and operates a large automatic car wash facility near montreal. the following table provides data concerning the company’s costs: fixed cost per month cost per car washed cleaning supplies $ 0.70 electricity $ 1,400 $ 0.07 maintenance $ 0.15 wages and salaries $ 4,900 $ 0.30 depreciation $ 8,300 rent $ 1,900 administrative expenses $ 1,400 $ 0.03 for example, electricity costs are $1,400 per month plus $0.07 per car washed. the company expects to wash 8,000 cars in august and to collect an average of $6.50 per car washed. the actual operating results for august appear below. lavage rapide income statement for the month ended august 31 actual cars washed 8,100 revenue $ 54,100 expenses: cleaning supplies 6,100 electricity 1,930 maintenance 1,440 wages and salaries 7,660 depreciation 8,300 rent 2,100 administrative expenses 1,540 total expense 29,070 net operating income $ 25,030 required: calculate the company's revenue and spending variances for august.