A company's strategic options for remedying cost disadvantages in internally performed value chain activities do not include
A. switching to activity-based costing.
B. revamping its value chain to eliminate or bypass some cost-producing activities (particularly low value-added activities).
C. investing in productivity-enhancing, cost-saving technological improvements.
D. outsourcing the performance of high-cost activities to vendors that can perform them more cheaply.
E. implementing the use of best practices, particularly for high-cost activities.
Answer: A
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As a result of taking a physical inventory count on December 31, 2016, the Mona Lisa Company inventory was determined to be $61,500. The auditors for Mona Lisa suspected an inventory shortage and used the gross profit method to estimate the ending inventory. The accounting records for the company contained the following information: Inventory (1/1/16) $ 130,000 Purchases (2016) 760,000 Sales
(2016) 1,020,000 Sales returns (2016) 60,000 Gross profit ratio 25% of sales Using the gross profit method, what did the auditors estimate as the amount of the inventory that should have been on hand at December 31, 2016? A) $240,000 B) $170,000 C) $125,000 D) $ 61,500
Jarrod deleted an email message that documented problems with the company's safety procedures. In court, this lack of evidence will be likely dismissed as an innocent mistake that is frequently made by employees
Indicate whether the statement is true or false
Which of the following is not a definition of the minimum required rate of return?
a. the discount rate b. the accounting rate of return c. the hurdle rate d. the cost of capital e. All of these are definitions.
A business plan presentation remains the same for different audiences.
Answer the following statement true (T) or false (F)