An inventory turnover analysis is useful to the auditor because it may detect:
A. the existence of obsolete merchandise.
B. inadequacies in inventory pricing.
C. methods of avoiding cyclical holding costs.
D. the optimum automatic reorder points.
Answer: A
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Forward contracts:
a. cannot be customized to meet the hedging needs of the buyer. b. can never be arranged in the over-the-counter market. c. are less standardized than futures contracts. d. are never marked-to-market. e. have a high liquidity risk related to immediate cash access to pay for possible losses.
If companies demonstrate ethical behavior, it will be unnecessary for the government to increase regulation of marketing research practices.
Answer the following statement true (T) or false (F)
The FLSA is not the federal minimum wage statute
a. True b. False Indicate whether the statement is true or false
The cause-and-effect diagram ______.
a. is also known as a fishbone diagram because of the way it looks b. graphically displays the frequency of occurrence of a quality problem c. was developed by W. Edwards Deming d. shows the relationship between two variables