For companies that have little change in the characteristics of their inventory items, the most appropriate method for computing a cost index for dollar-value LIFO is the
A) inventory pool method
B) double-extension method
C) weighted average method
D) link-chain method
B
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Discuss the implications behind the statement that "the customer is always right" in light of the fact that a company must at times deny a customer's request
A textual block on a poster should typically not exceed ______ words.
a. 10 b. 25 c. 50 d. 100
Domino Company ages its accounts receivable to estimate uncollectible accounts expense. Domino began Year 2 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $76,500 and $5,800, respectively. During Year 2, the company wrote off $4,640 in uncollectible accounts. In preparation for the company's estimate of uncollectible accounts expense for Year 2, Domino prepared the following aging schedule:Number of DaysPast DueReceivablesAmount% Likely to beUncollectibleCurrent $104,000 1% 0-30 45,000 5% 31-60 9,920 10% 61-90 4,440 25% Over 90 3,800 50% Total $167,160 What amount will be reported as uncollectible accounts expense on the Year 2 income statement?
A. $1,512 B. $6,132 C. $4,640 D. $7,292
German automakers Audi, Mercedes-Benz, and BMW all share the same goal of leading the international luxury vehicle market. Audi has made the decision to target younger professionals in established markets and this decision is reflected in the company's new, trendy body designs. Audi's approach of targeting younger professionals in established markets is a strategic move aimed at ________.
A. diversifying risks B. reducing costs C. attacking competition D. increasing quality