If the daily demand is 40 units and the lead time is 12 days, the reorder point is
a. 40 units
b. 48 units
c. 480 units
d. none of the above
C
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On September 12, Ryan Company sold merchandise in the amount of $9800 to Johnson Company, with credit terms of 3/10, n/30. The cost of the items sold is $6000. Ryan uses the periodic inventory system and the net method of accounting for sales. Johnson pays the invoice on September 18, and takes the appropriate discount. The journal entry that Ryan makes on September 18 is:
A.
| Cash | 9800? | |
| Accounts receivable | 9800? |
B.
| Cash | 9506? | |
| Accounts receivable | 9506? |
C.
| Cash | 5820? | |
| Sales discounts | 180? | |
| Accounts receivable | 6000? |
D.
| Cash | 9506? | |
| Sales discounts | 294? | |
| Accounts receivable | 9800? |
E.
| Cash | 6000? | |
| Accounts receivable | 6000? |
In January of 2014, Bonnie Corporation acquired 20% of the outstanding voting common stock of Clyde Company for $280,000 . This investment enabled Bonnie to exercise significant influence over Clyde. The book value of the acquired shares was $210,000 . The excess of cost over book value was attributed to an identifiable intangible asset that was undervalued on Clyde's balance sheet and that had a
remaining useful life of 1 . years. For the year ended December 31 . 2014, Clyde reported income of $63,000 and paid cash dividends of $14,000 on its common stock. What is the proper carrying value of Bonnie's investment in Clyde at December 31 . 2014? a. $270,000 b. $273,000 c. $280,000 d. $282,800
Which of the following statements about mass customization is true?
A. There has been a widespread shift to mass customization by thousands of companies. B. If a company is to succeed with a mass customization strategy, it must be able to find a low-cost way to produce the products. C. The biggest successes in mass customization have all been in consumer markets as opposed to business markets. D. All these statements are true.
Indicate the correct form of the adjective or adverb in parentheses. Use more or most, when appropriate, instead of less or least. Rosa spoke to us (briefly) about the expansion of their product line