What is the inventory position if 5000 units are physically available, 1000 units have been ordered but are in transit, no units are on backorder, and forecasted demand for the next period is 7000 units?
IP = 5000 + 1000 - 0 = 6000 units
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a. assimilation b. socialization c. orientation d. cultural identity
Guinea, Inc. adopted the dollar-value LIFO retail inventory method on January 1, 2016, when the price index was 100. The following information was taken from company records on December 31, 2016, when the price index was 110. Cost Retail Sales $190,000 Additional markups 18,000 Markup cancellations 6,000 Markdowns 8,000 Markdown cancellations 2,000 Inventory, January 1$ 14,400 20,000 Purchases158,000 199,000 Purchase returns4,000 5,000 ? Required:Compute the cost of the December 31, 2016, inventory. (Round off calculations to the nearest dollar.)
What will be an ideal response?
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A car dealership is altering how it determines its advertising appropriation. It is moving from an approach where it sets its budget based on projected revenue for the coming year to one in which it identifies the cost required to meet certain goals. It is switching from the _____ approach to the _____ approach.
A. competitive-matching; arbitrary B. percentage-of-sales; competitive-matching C. competitive-matching; objective-and-task D. percentage-of-sales; objective-and-task E. arbitrary; competitive-matching