Private warehouses (compared to public warehouses) are most appropriate when a firm has a regular need to store a large quantity of goods.
Answer the following statement true (T) or false (F)
True
Firms use private warehouses when a large volume of goods must be stored regularly.
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Eliza Company discovered the following errors in 2016: · Ending inventory at December 31, 2015, was understated by $2,000. · Accrued expenses of $3,000 were not recorded at December 31, 2015. ? ? Eliza reported net income of $45,000 for the year 2015. What is the amount of the corrected net income (ignoring income taxes) for 2015?
A) $45,000 B) $40,000 C) $46,000 D) $44,000
How are costs recognized, matched, and measured in a process costing system?
A waiting line, or queuing, system has three parts, which are:
A) distribution of arrival times, discipline while waiting, and distribution of service times. B) arrival rate, service rate, and utilization rate. C) arrival discipline, queue discipline, and service sequencing. D) arrivals or inputs, queue discipline or the waiting line itself, and the service facility. E) sequencing policy, penalty for reneging, and expediting of arrivals.
A company that uses portfolio analysis would probably classify things like office supplies in the Bottleneck quadrant
Indicate whether the statement is true or false.