Inventory turnover
A) is computed by dividing average inventory by cost of merchandise sold
B) measures the relationship between the volume of goods sold and amount of inventory carried
C) increases the risk of loss from damaged merchandise
D) is computed by dividing the beginning inventory plus the ending inventory by two
B
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Factors that directly affect the merger and acquisition environment include all the following except
A. level of optimism about the future. B. managerial style. C. general economic conditions. D. currency fluctuations.
Which of the following approaches is recommended to help users view a new system as easy to use?
A. Develop a detailed specification of the features the new system will have. B. Show the look and feel of the new system (i.e., sample computer screens, reports, etc.) well before the new system is developed in order to help users feel comfortable with it. C. Make sure all user requests are addressed as enhancements to the system in its maintenance phase. D. Provide extensive training just after the system goes into production throughout the organization.
Budgets are plans of action based on forecasted transactions, activities, and events
Indicate whether the statement is true or false
The base amount for vertical analysis of net income is ________
a. net sales b. total assets c. total stockholders' equity d. total liabilities