Departmental reports are useful to management for three purposes: ____________________, ____________________ and ____________________
Fill in the blank(s) with correct word
planning, control, performance evaluation
planning, performance evaluation, control
control, planning, performance evaluation
control, performance evaluation, planning
performance evaluation, planning, control
performance evaluation, control, planning
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Auditors will examine significant sales returns immediately subsequent to the period under audit in order to do which of the following?
a. Substantiate cutoff and the occurrence of net sales transactions. b. Test the sufficiency of cash balances to cover refunds. c. Monitor customer satisfaction for disclosure. d. Assess the nature of procedures that will be performed for the next period's audit.
A list price is also referred to as a ________
A) captive price B) bundled price C) channel price D) suggested retail price E) basing-point price
Value Electronics uses a standard part in the manufacture of different types of radios. The total cost of producing 24,000 parts is $90,000, which includes fixed costs of $30,000 and variable costs of $60,000. The company can buy this part from an external supplier for $5 per unit and avoid 10% of the fixed costs. If Value Electronics decides to outsource the production of the part, how will it impact its operating income?
A) Operating income increases by $57,000. B) Operating income decreases by $57,000. C) Operating income increases by $60,000. D) Operating income decreases by $60,000.
How can Jeannie use a consultative model to sell Meli Kinaua'a swimsuits to boutiques?
A) Find out what needs the boutiques have that Meli Kinaua'a suits will fill. B) Describe the reasons Meli Kinaua'a suits are superior to other lines. C) Work with boutiques to develop new suits that will sell better. D) Consider selling to big-box stores that don't carry swimsuits. E) Give large discounts to get boutiques to try Meli Kinaua'a suits.