Suppose Mr. Barksdale sets his reorder point at 1100 phones. What is his average cell phone inventory?
A) 87.5 phones
B) 105 phones
C) 162.5 phones
D) 257.5 phones
Answer: C
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Holley is starting a new business and is trying to forecast sales. She has owned two other businesses, one of which was in the same industry as this new venture. Discuss the implications for forecasting for the new business. What could she do to increase her forecasting success?
What will be an ideal response?
On June 3, Lakeland Company sold merchandise worth $1,600 on credit, terms 2/10, n/30. The merchandise sold had cost $1,100. The customer paid the amount on June 15. What is the required journal entry to record the payment received under the periodic inventory system?
A) Accounts Receivable 1,568 Sales Discounts 32Cash 1,600 B) Accounts Receivable 1,600 Cash 1,600 C) Cash 1,568 Sales Discounts 32Accounts Receivable 1,600 D) Cash 1,600 Accounts Receivable 1,600
External change agents are often hired because of which of the following strengths?
a. They are a frugal option for organizations with tight budgets b. They are independent and credible c. They have deep knowledge of the organization d. They can take charge of final decision making
There is an inverse relationship between the quality or rating of a bond and the rate of return it must provide bondholders
Indicate whether the statement is true or false