In closing, Cost of Goods Sold is debited and Income Summary is credited
Indicate whether the statement is true or false
false
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The spread of consumerism has placed ________ on multinational corporations to ________
A) a mantle; preserve the environment B) new initiatives; think locally C) fresh pressures; act ethically D) massive demands; expand production
Groundz Coffee Shop uses 4 pounds of a specialty tea weekly; each pound costs $16. Carrying costs are $1 per pound per week because space is very scarce. It costs the firm $8 to prepare an order. Assume the basic EOQ model with no shortages applies
Assume 52 weeks per year, closed on Mondays. a. How many pounds should Groundz order at a time? b. What is total annual cost (excluding item cost) of managing this item on a cost-minimizing basis? c. In pursuing lowest annual total cost, how many orders should Groundz place annually? d. How many days will there be between orders (assume 312 operating days) if Groundz practices EOQ behavior?
The before-tax cost of debt of a firm using funds from bond issue is equal to the _____ of the bond.?
A. yield to maturity (YTM)? B. ?maturity value C. ?coupon rate D. ?discount rate E. ?internal rate of return
A good marketing manager organizing a new sales force knows that
A. new sales reps should start out on the major accounts sales force so that they can learn the business from the bottom up. B. the most profitable approach is to start with a small number of salespeople and then quickly add more if they can't do the job. C. a major accounts sales force is used to sell to small retailers who are not covered by wholesalers in the channel. D. it may be necessary to rely on team selling and have more than one rep call on a single customer if different skills are needed. E. None of these answers is correct.