Outbound logistics distributes goods and services to customers.
Answer the following statement true (T) or false (F)
True
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Which one of the following types of costs is most likely to be included in determining the cost of inventory?
A) freight-in costs B) freight-out costs C) interest cost for amounts borrowed to finance the purchase of inventory D) marketing costs
Total asset turnover is calculated by dividing net sales by average total assets.
Answer the following statement true (T) or false (F)
On January 1, a company issues 8%, 5-year, $300,000 bonds that pay interest semiannually each June 30 and December 31. On the issue date, the annual market rate of interest for the bonds is 10%. Compute the price of the bonds on their issue date. The following information is taken from present value tables:Present value of an annuity (series of payments) for 10 periods at 4%8.1109Present value of an annuity (series of payments) for 10 periods at 5%7.7217Present value of 1 (single sum) for 10 periods at 4%0.6756Present value of 1 (single sum) for 10 periods at 5%0.6139
What will be an ideal response?
Contractual adjustments that arise from differences between the gross charge for patient services and the amount paid by a third party payor are reported as:
A. Deductions from gross patient revenue in arriving at net patient revenue. B. Bad debt expense. C. Either deductions from gross patient revenue or disclosure in the notes, depending on the dollar amount of the adjustments relative to billings. D. Disclosures in the notes to the financial statements.